v2.4.0.6

Intangible assets | 9 Months Ended | 12 Months Ended
--- | --- | ---
Feb. 29, 2012 | May 31, 2011
Intangible Assets Disclosure [Text Block] | 6. INTANGIBLE ASSETS Intangible assets consist of the following:
|  |  |  | February 29, |  |  | May 31, |
|  | Amortizable life |  | 2012 |  |  | 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 |  |  | 1,420,679 |  |  |  | 1,420,678 |
Total intangible assets |  |  |  |  | 3,870,679 |  |  |  | 3,870,678 |
Accumulated amortization |  |  |  |  | (381,500 | ) |  |  | (318,499 | )
|  |  |  | $ | 3,489,179 |  |  | $ | 3,552,179 |
| 7. INTANGIBLE ASSETS Intangible assets consist of the following:
| Amortizable life |  | 2011 |  |  | 2010 |
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 |  |  |  | (318,499 | ) |  |  | (234,500 | )
|  |  | $ | 3,552,179 |  |  | $ | 3,636,178 |
The Company has recorded amortization on its intangibles for the years ended May 31, 2011 and 2010 of $84,000 and $77,000, respectively.

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 44, 45, 46 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16265-109275 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration