Summarizes option activity (Tables)

12 Months Ended

May 31, 2013

Summarizes option activity

Summarizes option activity

The following table summarizes option activity under the 1994 and the 2011 Stock Option 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)		.86			-
Outstanding options at May 31, 2012	10,000		2.40	9.02		-
Granted	-		-	-		-
Exercised	-		-	-		-
Forfeited or expired	-		-			-
Outstanding options at May 31, 2013	10,000	$	2.40	8.02	$	-
Exercisable at May 31, 2013	6,389	$	2.40	8.02	$	-