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SUPPLEMENTAL INFORMATION OF CASH FLOWS (Tables)
12 Months Ended
May 31, 2013
SUPPLEMENTAL INFORMATION OF CASH FLOWS [Abstract]  
Supplemental information of cash flows

Supplemental information of cash flows for the years ended May 31:

  

 

 

2013

 

 

2012

 

Non-cash investing and financing activities:

 

 

 

 

 

 

   Preferred dividend accrual

 

$

326,781

 

 

$

242,192

 

   Equipment purchased through capital lease

 

 

 -

 

 

 

563,026

 

   Advances from related party applied

      against receivables from the related party

 

 

 -

 

 

 

625,180

 

Supplemental information:

 

 

 

 

 

 

 

 

   Interest paid

 

 

423,530

 

 

 

516,059

 

   Taxes paid

 

 

-

 

 

 

-