Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

May 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consist of owned trademarks and patents for eleven product lines.



	May 31, 2014		November 30, 2013
Patents and trademarks	$	932,895	$	932,896
Less: Accumulated amortization	180,922		170,703
Intangible Assets - Net	$	751,973	$	762,193

Patents are amortized on a straight-line basis over their legal life of 17 years. Trademarks have an indefinite life and are reviewed annually for impairment or more frequently if impairment indicators occur. Amortization expense for the three months ended May 31, 2014 and May 31, 2013 amounted to $5,110 and $5,116, respectively. Amortization expense for the six months ended May 31, 2014 and 2013, was $10,220 and $10,231, respectively. Estimated amortization expenses for the years ending November 30, 2014, 2015, 2016, 2017 and 2018 are $20,439, $20,421, $20,421, $20,421 and $421, respectively.