Annual report pursuant to Section 13 and 15(d)

Intangible Assets

Intangible Assets

12 Months Ended

Nov. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

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



	November 30, 2016		November 30, 2015
Patents and trademarks	$	580,007	$	580,007
Less: Accumulated amortization	146,229		145,841
Intangible Assets - Net	$	433,778	$	434,166

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. During the fiscal years ended November 30, 2016 and 2015, the Company wrote off $0 and $220,286 of patents and trademarks, as part of its annual evaluation of patents and trademarks that were no longer in use and did not have any plans for future use. Amortization expense for the fiscal years ended November 30, 2016, 2015 and 2014, was $388, $388 and $17,105, respectively. Estimated amortization expense for the years ending November 30, 2017, 2018, 2019, 2020 and 2021 are $388, $388, $376, $243 and $243, respectively.