Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
12 Months Ended
Nov. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets were as follows as of November 30, 2017 and 2016:

 

     Useful lives      November 30, 2017      November 30, 2016  

Patents

     10-20 years      $ 34,570      $ 34,570  

Less: Accumulated amortization

        (11,800      (9,937

License agreement

     10 years        470,000        470,000  

Less: Intangible asset impairment

        (185,000      (185,000

Less: Accumulated amortization

        (91,861      (60,194

Customer relationships

     15 years        41,000        41,000  

Less: Intangible asset impairment

        (26,267      (26,267

Less: Accumulated amortization

        (4,224      (3,172
     

 

 

    

 

 

 

Net Intangible Assets

 

   $ 226,418      $ 261,000  
  

 

 

    

 

 

 
Schedule of Expected Amortization Expenses

Expected amortization related to these intangible assets for each of the next five fiscal years and for periods thereafter is as follows:

Fiscal years ending November 30:

 

2018

   $ 34,582  

2019

   $ 34,582  

2020

   $ 34,582  

2021

   $ 34,582  

2022

   $ 34,582  

Thereafter

   $ 53,508  
  

 

 

 

Total

   $ 226,418