Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
3 Months Ended
Feb. 28, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
Intangible assets consist of owned trademarks and patents for eleven product lines.
 
 
February 28,
2014
 
November 30,
2013
Patents and trademarks
 
$
932,896

 
$
932,896

Less: Accumulated amortization
 
175,813

 
170,703

Intangible Assets - Net
 
$
757,083

 
$
762,193



Amortization expense for the three months ended February 28, 2014 and 2013, was $5,110 and $5,116, 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.