v2.4.0.6
Note 6 - Intangible Assets
 3 Months Ended
Nov. 30, 2011
Intangible Assets Disclosure [Text Block]
6.             INTANGIBLE ASSETS

Intangible assets consist of the following:

       November 30,      May 31,  
 
Amortizable life
 
2011
   
2011
 
Trade name
Indefinite
  $ 1,720,000     $ 1,720,000  
Non-competition  agreement
5 years
    110,000       110,000  
Non-contractual customer relationships
10 years
    620,000       620,000  
Goodwill
Indefinite
    1,420,678       1,420,678  
            Total intangible assets
      3,870,678       3,870,678  
Accumulated amortization
      (360,499 )     (318,499 )
      $ 3,510,179     $ 3,552,179