Stock Based Compensation (Table)

3 Months Ended

Nov. 30, 2012

Stock Based Compensation (Table)

Stock Based Compensation (Table)

The following table summarizes option activity under the 1994 Stock Option Plan and 2011 Plan:

			Weighted	Weighted-
			Average	Average
	Number of		Exercise Price	Remaining		Aggregate
	Options		Per Share	Life (in years)		Intrinsic Value
Outstanding options at May 31, 2011	1,350	$	1.80	0.50	$	810
Granted	10,000		2.40	10.00		-
Exercised	-		-	-		-
Forfeited or expired	(1,350)		0.86	-		-
Outstanding options at May 31, 2012	10,000		2.40	9.02		-
Granted	-		-	-		-
Exercised	-		-	-		-
Forfeited or expired	-		-	-		-
Outstanding options at November 30, 2012	10,000	$	2.40	8.52	$	6,000
Exercisable at November 30, 2012	3,889	$	2.40	8.52	$	2,836