v2.4.0.8
Note 10 - Accrued Expenses And Other Current Liabilities
9 Months Ended
Feb. 28, 2013
Disclosure Text Block Supplement [Abstract]  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

10.       ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES


As of February 28, 2013, the Company had accrued expenses and other liabilities of $530,676 which consisted primarily of $401,768 for accrued interest on notes payable to existing shareholders, accrued payroll of $39,540, accrued professional fees of $42,205, a customer prepayment of $30,400 and other miscellaneous accruals for $16,763.  As of May 31, 2012, the Company had accrued expenses and other liabilities of $767,216 which consisted primarily of $529,125 for accrued interest on short- and long-term debt, vendor installment agreements of $60,895, accrued payroll of $52,054, accrued professional fees of $12,500, a customer prepayment of $38,000 and other miscellaneous accruals for $74,643.