Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.6.0.2
Intangible Assets (Tables)
12 Months Ended
Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets were as follows as of November 30, 2016 and 2015:

 

    

Useful lives

   November 30, 2016      November 30, 2015  

Patents

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

Less: Accumulated amortization

        (9,937      (8,075

License agreement

   10 years      470,000        470,000  

Less: Intangible asset impairment

        (185,000      —    

Less: Accumulated amortization

        (60,194      (17,917

Customer relationships

   15 years      41,000        41,000  

Less: Intangible asset impairment

        (26,267      —    

Less: Accumulated amortization

        (3,172      (3,250
     

 

 

    

 

 

 

Net Intangible Assets

      $ 261,000      $ 516,238  
  

 

 

    

 

 

 
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:

  

2017

   $ 28,884  

2018

   $ 28,884  

2019

   $ 28,884  

2020

   .$ 28,645  

2021

   $ 28,645  

Thereafter

   $ 117,058  
  

 

 

 

Total

   $ 261,000