DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Feb. 29, 2016

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION {2}

Summary of net operating losses and negative cash flow from operations

The Company has sustained net operating losses and negative cash flow from operations for fiscal year 2014, 2015 and the first nine months of fiscal 2016 as detailed in the table below (000’s):

		Nine Months
		Ended		Fiscal Years Ended
		February 29,		May 31,		May 31,
		2016		2015		2014
Net loss	$	(505)	$	(1,319)	$	(748)
Net cash used in operating activities	$	(393)	$	(1,287)	$	(516)