General form of registration statement for all companies including face-amount certificate companies

Acquisition of patents (Tables)

v2.4.0.8
Acquisition of patents (Tables)
12 Months Ended
May 31, 2013
Intangible Assets

The following presents intangible assets as of May 31, 2013:

 

Gross carrying amounts

   $ 3,500,000   

Accumulated amortization

     (218,750
  

 

 

 

Total amortizable intangible assets, net

     3,281,250   

Patents currently not amortized

     35,989   
  

 

 

 

Carrying value of intangibles, net

   $ 3,317,239