Intangible Assets |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INTANGIBLE ASSETS |
NOTE 6 — INTANGIBLE ASSETS
Intangible assets consist of owned trademarks and patents for ten product lines
Patents are amortized on a straight-line basis over their legal life of 17 years and
trademarks are adjusted to realizable value for each quarterly reporting period.
Amortization expense for the three months ended August 31, 2011 and 2010 were $116 and
$546, respectively. Amortization expense for the nine months ended August 31, 2011 and
2010 amounted to $347 and $1,638, respectively. Estimated amortization expense for the
years ending November 30, 2011, 2012, 2013, 2014 and 2015 will be $462, $462, $462, $439
and $421 respectively.
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