Note 6 - Fixed Assets

9 Months Ended

Feb. 28, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. FIXED ASSETS

Fixed Assets, net consist of the following:

	February 28, 2013			May 31, 2012
Furniture and fixtures	$	180,185		$	179,435
Kitchen Equipment		275,203			275,203
Computer Equipment		123,088			121,460
Software & Web Design		32,496			32,496
Cheese Clock by Artisanal tm		162,296			151,971
Leasehold Improvement		356,396			356,396
		1,129,664			1,116,961
Less: Accumulated
Depreciation & Amortization		(667,677	)		(616,378	)
	$	461,987		$	500,583

Depreciation expense recorded for the nine months ended February 28, 2013 and February 29, 2012, was $50,770 and $101,088, respectively and for the three months ended February 28, 2013 and February 29, 2012 were $16,570 and $33,696, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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