Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Aug. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

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



	August 31, 2015		November 30, 2014
Patents and trademarks	$	800,293	$	800,293
Less: Accumulated amortization	145,744		145,453
Intangible Assets - Net	$	654,549	$	654,840

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 August 31, 2015 and 2014 amounted to $97 and $5,110, respectively. Amortization expense for the nine months ended August 31, 2015 and 2014 were $291 and $15,329, respectively. Estimated amortization expenses for the years ending November 30, 2015, 2016, 2017, 2018 and 2019 are $388, $388, $388, $388 and $376, respectively.