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

Acquisition of Patents (Tables)

v3.2.0.727
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