Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2012

The following table sets forth

The following table sets forth the computation of basic and diluted earnings per share for the six and three months ended November 30, 2012 and 2011:

	2012	2011
For the Six Months Ended November 30:
Numerator:
Net income available to common stockholders:	$       834,608	$      623,934
Denominator:
Weighted-average shares outstanding:
Basic	26,111,201	26,111,201
Incremental shares from assumed conversion of options	1,130,769	-
Diluted shares	27,241,970	26,111,201
Earnings per share:
For the Six Months Then Ended
Basic	$             0.03	$            0.02
Diluted	$             0.03	$            0.02
For the Three Months ended November 30:
Numerator:
Net income available to common stockholders:	$           2,603	$      237,248
Denominator:
Weighted-average shares outstanding:	26,111,201	26,111,201
Basic
Incremental shares from assumed conversion of options	1,336,364	-
Diluted shares	27,447,565	26,111,201
Earnings per share:
For the  Three Months Then Ended:
Basic	$             0.00	$            0.01
Diluted	$             0.00	$            0.01