12. SUBSEQUENT EVENTS	9 Months Ended
Feb. 28, 2013
Subsequent Events
12. SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS On March 15, 2013, the Company agreed to issue 1,158,000 shares of its common stock pursuant to a Common Stock Purchase Agreement by and among the Company and certain investors, including certain directors and officers of the Company. The purchase price per share of the common stock sold in the private placement was $1.00, resulting in gross proceeds to the Company of $1,158,000, before offering expenses. The closing of the private placement took place on March 15, 2013, and no placement agent was used in connection with the transaction.

The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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