Annual report pursuant to Section 13 and 15(d)

Acquisition of patents (Tables)

v2.4.0.8
Acquisition of patents (Tables)
12 Months Ended
May 31, 2014
Intangible Assets Activity

The following presents intangible assets activity:

 

     May 31, 2014     May 31, 2013  

Gross carrying amounts

   $ 3,500,000      $ 3,500,000   

Accumulated amortization

     (568,750     (218,750
  

 

 

   

 

 

 

Total amortizable intangible assets, net

     2,931,250        3,281,250   

Patents currently not amortized

     35,989        35,989   
  

 

 

   

 

 

 

Carrying value of intangibles, net

   $ 2,967,239      $ 3,317,239