v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Feb. 28, 2013
Feb. 29, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,247,171) $ (3,435,682)
Depreciation 50,770 101,088
Amortization of intangibles 51,634 63,000
Amortization of debt discount 125,011 183,128
Equity based compensation 195,726 997,047
Common stock issued for services   108,805
Changes in operating assets and liabilities    
Accounts receivable (70,462) 124,677
Inventory (65,131) (46,062)
Prepaid expenses and other assets (90,916) (7,461)
Advances to suppliers (34,780)  
Accounts payable 30,229 206,067
Accrued expenses and other current liabilities 509,556 456,632
NET CASH USED IN OPERATING ACTIVITIES (1,545,534) (1,248,761)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Purchase)/sale of fixed assets (12,704) (20,451)
(Increase)/decrease in security deposit (4,503) 1,982
NET CASH USED IN INVESTING ACTIVITIES: (17,207) (18,469)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase/(decrease) in notes payable 1,850,000 200,000
Repayment in notes payable (419,867)  
Sale of preferred stock   800,250
Sale of common stock 289,000  
Payment of term loan (33,000) (60,000)
Proceeds from shareholder loan   300,000
Benefits from sale of common stock (8,727)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,677,406 1,240,250
NET INCREASE (DECREASE) IN CASH 114,665 (26,980)
CASH AT BEGINNING OF PERIOD 43,016 43,547
CASH AT END OF PERIOD 157,681 16,567
Cash paid during the period for:    
Interest 7,266 2,085
Income taxes 0 0
Non-cash investing and financing activities:    
Conversion of preferred shares to common shares 1,050 1,019,300
Preferred shares issued for services   277,544
Common stock issued per loan agreement as debt financing cost 146,500  
Conversion of accrued interest to long term debt $ 462,788