Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.3.1.900
Intangible Assets (Tables)
 12 Months Ended
Nov. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets were as follows as of November 30, 2015 and 2014:

 

     Useful lives    November 30, 2015      November 30, 2014  

Patents

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

Less: Accumulated amortization

         (8,075 )       (6,212 ) 

License agreement

    10 years      470,000         —     

Less: Accumulated amortization

         (17,917 )       —     

Customer relationships

    15 years      41,000         —     

Less: Accumulated amortization

         (3,250 )       —     
     

 

 

     

 

 

  

Net Intangible Assets

    $ 516,328       $ 28,358   
  

 

 

     

 

 

  
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:

 

Years ending November 30:

   

2016

      52,663   

2017

      52,663   

2018

      52,663   

2019

      52,663   

2020

      52,663   

Thereafter

      253,013   
  

 

 

  

Total

    $ 516,328