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INTANGIBLE ASSETS, Net
12 Months Ended
May 31, 2012
Intangible Assets Disclosure [Text Block]

3.    INTANGIBLE ASSETS, Net


Intangible assets, net of accumulated amortization, consist of the following at May 31:


 

 

 

 

 

 

 

2012

 

2011

 

 

 

 

 

Patents and licenses                                 

$

245,174 

$

195,174 

Less accumulated amortization

 

(50,591)

 

(17,764)

Intangible Assets,Net

$

194,583 

$

177,410 


Expected amortization of intangible assets for the years ending May 31:


 

 

 

 

2013

$23,966 

2014

 23,958 

2015

23,958 

2016

    23,958

2017

23,958 

Thereafter

74,785 

 

 

Total      

$194,583