v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
 9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,435,682) $ (1,516,766)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation 101,088 106,943
Amortization of intangibles 63,000 63,000
Amortization of debt discount 183,128 104,743
Equity based compensation attributed to debt 997,047  
Common stock issued for services 108,805 22,983
Changes in assets and liabilities    
Accounts receivable 124,677 (7,848)
Inventory (46,062) (5,724)
Prepaid expenses and other assets (7,461) (8,030)
Accounts payable 206,067 192,140
Accrued expenses and other current liabilities 456,632 161,636
NET CASH USED IN OPERATING ACTIVITIES (1,248,761) (886,923)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Sale/(Purchase) of fixed assets (20,451) (62,850)
Increase/(Decrease) in security deposit 1,982 1,971
NET CASH USED IN INVESTING ACTIVITIES: (18,469) (60,879)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase/(Decrease) in notes payable 200,000 (4,898)
Sale of preferred stock 800,250  
Payment of long-term debt   (66,519)
Proceeds/(Payment) of term loan (60,000) 320,000
Proceeds from Shareholder loan 300,000 400,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,240,250 648,583
NET DECREASE IN CASH (26,980) (299,219)
CASH AT BEGINNING OF PERIOD 43,547 384,998
CASH AT END OF PERIOD 16,567 85,779
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest 2,085 6,732
Non-cash financing activities:    
Conversion of preferred shares to common shares 1,019,300  
Preferred shares issued for interest $ 277,544