Quarterly report pursuant to Section 13 or 15(d)

Acquisition of Patents (Tables)

v3.8.0.1
Acquisition of Patents (Tables)
9 Months Ended
Feb. 28, 2018
Intangible Assets Activity

The following presents intangible assets activity:

 

     February 28, 2018      May 31, 2017  

Gross carrying amounts

   $ 3,500,000      $ 3,500,000  

Accumulated amortization

     (1,881,327      (1,618,770
  

 

 

    

 

 

 

Total amortizable intangible assets, net

     1,618,673        1,881,230  

Patents currently not amortized

     35,989        35,989  
  

 

 

    

 

 

 

Carrying value of intangibles, net

   $ 1,654,662      $ 1,917,219