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, 2015
Intangible Assets Activity

The following presents intangible assets activity:

 

     August 31, 2015      May 31, 2015  

Gross carrying amounts

    $ 3,500,000       $ 3,500,000   

Accumulated amortization

      (1,006,250 )       (918,750 ) 
  

 

 

     

 

 

  

Total amortizable intangible assets, net

      2,493,750         2,581,250   

Patents currently not amortized

      35,989         35,989   
  

 

 

     

 

 

  

Carrying value of intangibles, net

    $ 2,529,739       $ 2,617,239