OTHER INCOME	12 Months Ended
May 31, 2012
Other Income and Other Expense Disclosure [Text Block]	11. OTHER INCOME On October 29, 2010, the Company was notified that it had been awarded a total cash grant of approximately $357,000 under the Qualifying Therapeutic Discovery Project program administered under section 48D of the Internal Revenue Code. The grant (net of expenses related to consulting services for the grant application process of approximately $71,000) was included in other income for the year ended May 31, 2011 was $285,969. The Company did not receive any grants in fiscal 2012. During the year ended May 31, 2012, the Company experienced water damage from a burst pipe. Expenses of $33,522 were incurred as a result of this. Property and equipment amounting to $68,106 were purchased to replace damaged, fully depreciated equipment and fixtures. The Company’s insurance company reimbursed the Company $101,628, which covered approximately all of its expenses plus cost of replacement property and equipment, resulting in a gain of approximately $102,000.

OTHER INCOME

12 Months Ended

May 31, 2012

Other Income and Other Expense Disclosure [Text Block]

11. OTHER INCOME

On October 29, 2010, the Company was notified that it had been awarded a total cash grant of approximately $357,000 under the Qualifying Therapeutic Discovery Project program administered under section 48D of the Internal Revenue Code. The grant (net of expenses related to consulting services for the grant application process of approximately $71,000) was included in other income for the year ended May 31, 2011 was $285,969. The Company did not receive any grants in fiscal 2012.

During the year ended May 31, 2012, the Company experienced water damage from a burst pipe. Expenses of $33,522 were incurred as a result of this. Property and equipment amounting to $68,106 were purchased to replace damaged, fully depreciated equipment and fixtures. The Company’s insurance company reimbursed the Company $101,628, which covered approximately all of its expenses plus cost of replacement property and equipment, resulting in a gain of approximately $102,000.