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Note 10 - Accrued Payroll Taxes
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12 Months Ended |
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May 31, 2012
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| Accounts Payable and Accrued Liabilities Disclosure [Text Block] |
10.
ACCRUED
PAYROLL TAXES
The
Company is in arrears with paying payroll taxes of
$1,093,483. Of this amount approximately
$480,000 relates to the parent Company's operations prior
to the acquisition of Artisanal Cheese LLC. The balance
relates to more recent payroll taxes which are attributable
in part to the increased seasonal workforce. The
Company is currently negotiating with the relevant tax
authorities to work out a payment program for the taxes
owed. Our plan is to make a down payment and
then making double weekly tax payments until the arrears
are paid.
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