4. FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Nov. 30, 2012

Fair Value Of Financial Instruments Tables

Fair Value by Hierarchy

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of November 30, 2012 (in thousands):

	Balance as of
	November 30, 2012	Level 1	Level 2	Level 3
Money market funds	$   2	$    2	$    --	$    --
Assets	$   2	$    2	$    --	$    --
Liabilities	$    --	$   --	$    --	$    --
The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of May 31, 2012 (in thousands):
	Balance as of
	May 31, 2012	Level 1	Level 2	Level 3
Money market funds	$   2	$    2	$    --	$    --
Assets	$   2	$    2	$    --	$    --
Liabilities	$    --	$   --	$    --	$    --