Quarterly report pursuant to Section 13 or 15(d)

Acquisition of patents (Tables)

v2.4.1.9
Acquisition of patents (Tables)
9 Months Ended
Feb. 28, 2015
Intangible Assets Activity

The following presents intangible assets activity:

 

     February 28, 2015      May 31, 2014  

Gross carrying amounts

   $ 3,500,000       $ 3,500,000   

Accumulated amortization

     (831,250      (568,750
  

 

 

    

 

 

 

Total amortizable intangible assets, net

  2,668,750      2,931,250   

Patents currently not amortized

  35,989      35,989   
  

 

 

    

 

 

 

Carrying value of intangibles, net

$ 2,704,739    $ 2,967,239