Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

v3.8.0.1
Acquisition of Patents (Tables)
 3 Months Ended
Aug. 31, 2017
Intangible Assets Activity

The following presents intangible assets activity:

 

     August 31,
2017		      May 31,
2017		  

Gross carrying amounts

    $ 3,500,000      $ 3,500,000  

Accumulated amortization

      (1,706,289 )       (1,618,770 ) 
  

 

 

     

 

 

  

Total amortizable intangible assets, net

      1,793,711        1,881,230  

Patents currently not amortized

      35,989        35,989  
  

 

 

     

 

 

  

Carrying value of intangibles, net

    $ 1,829,700      $ 1,917,219