Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

v3.7.0.1
Acquisition of Patents (Tables)
 9 Months Ended
Feb. 28, 2017
Intangible Assets Activity

The following presents intangible assets activity:

 

     February 28, 2017      May 31, 2016  

Gross carrying amounts

    $ 3,500,000      $ 3,500,000  

Accumulated amortization

      (1,531,250 )       (1,268,750 ) 
  

 

 

     

 

 

  

Total amortizable intangible assets, net

      1,968,750        2,231,250  

Patents currently not amortized

      35,989        35,989  
  

 

 

     

 

 

  

Carrying value of intangibles, net

    $ 2,004,739      $ 2,267,239