4. FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Feb. 28, 2013

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 February 28, 2013 (in thousands):

	Balance as of
	February 28, 2013		Level 1		Level 2		Level 3
Money market funds	$	102	$	102	$	—	$	—
Assets	$	102	$	102	$	—	$	—
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	$	—	$	—	$	—	$	—