Quarterly report pursuant to Section 13 or 15(d)

Acquisition of patents (Tables)

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Acquisition of patents (Tables)
 6 Months Ended
Nov. 30, 2015
Intangible Assets Activity

The following presents intangible assets activity:

 

     November 30, 2015      May 31, 2015  

Gross carrying amounts

    $ 3,500,000       $ 3,500,000   

Accumulated amortization

      (1,093,750 )       (918,750 ) 
  

 

 

     

 

 

  

Total amortizable intangible assets, net

      2,406,250         2,581,250   

Patents currently not amortized

      35,989         35,989   
  

 

 

     

 

 

  

Carrying value of intangibles, net

    $ 2,442,239       $ 2,617,239