v2.4.0.8

Note 5 - Prepaid Expenses | 9 Months Ended
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Feb. 28, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | 5. PREPAID EXPENSES As of February 28, 2013, the Company had prepaid expenses of $113,975, which consisted primarily of prepaid rent of $88,403, prepaid real estate taxes of $3,229, and prepaid insurance of $22,343. As of May 31, 2012, the Company had prepaid expenses of $23,059, which consisted primarily of prepaid insurance of $13,207, prepaid interest of $5,978 and other operating expense of $3,874.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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