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SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Feb. 28, 2015

SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS Table Text Block:

Schedule Of Fair Value, Assets Measured on Recurring Basis

The following table summarizes the valuation of the Company's assets and liabilities measured at fair value on a recurring basis as of February 28, 2015:


		(in thousands)
		Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Earn-Out Payments	$	645	$	-	$	-	$	645
Total assets at fair value	$	645	$	-	$	-	$	645

Summary of the changes in fair value of the Level 3 classified Holdback Payment and Earn-Out Payments

The table below provides a summary of the changes in fair value of the Level 3 classified Holdback Payment and Earn-Out Payments asset for the nine month period ended February 28, 2015:


		(in thousands)
Fair value at May 31, 2014	$	895
Change in fair value		70
Receipt of the Holdback Payment		(320)
Fair value at February 28, 2015	$	645

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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