v2.4.0.8

Note 12 - Long Term Liabilities (Tables)

9 Months Ended

Feb. 28, 2013

Disclosure Text Block [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

		February 28, 2013				May 31, 2012
Long-term liabilities consists of:
Credit card facility loan, (a)		$	1,591,790			$	-
Long-term loan,(b)			4,298,573				3,882,000
KeHE loan, (c)			770,000				770,000
Term loan settlement (d)			173,214				-
Debt discount, (e)			(121,000	)			(99,512	)
Total debt		$	6,712,577			$	4,552,488
Less current portion			(818,000	)			(250,000	)
Long term debt		$	5,894,577			$	4,302,488

Schedule of Maturities of Long-term Debt [Table Text Block]

		Principal
Fiscal 2014		$	1,492,000
Fiscal 2015			5,938,363
Fiscal 2016			48,000
Fiscal 2017			29,213
Fiscal 2018			-
Total		$	7,507,576

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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