Annual report pursuant to Section 13 and 15(d)

Acquisition of Patents (Tables)

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Acquisition of Patents (Tables)
12 Months Ended
May. 31, 2015
Intangible Assets Activity

The following presents intangible assets activity:

 

     May 31, 2015      May 31, 2014  

Gross carrying amounts

   $ 3,500,000       $ 3,500,000   

Accumulated amortization

     (918,750      (568,750
  

 

 

    

 

 

 

Total amortizable intangible assets, net

  2,581,250      2,931,250   

Patents currently not amortized

  35,989      35,989   
  

 

 

    

 

 

 

Carrying value of intangibles, net

$ 2,617,239    $ 2,967,239