Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

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Acquisition of Patents (Tables)
3 Months Ended
Aug. 31, 2018
Intangible Assets Activity

The following presents intangible assets activity:

 

     August 31, 2018      May 31, 2018  

Gross carrying amounts

   $ 3,500,000      $ 3,500,000  

Accumulated amortization

     (2,056,365      (1,968,846
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     1,443,635        1,531,154  

Patents currently not amortized

     35,989        35,989  
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 1,479,624      $ 1,567,143