SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

May 31, 2016

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 May 31, 2016:

		(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	$	130	$	-	$	-	$	130
Total assets at fair value	$	130	$	-	$	-	$	130

The following table summarizes the valuation of the Company's assets and liabilities measured at fair value on a recurring basis as of May 31, 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	$	376	$	-	$	-	$	376
Total assets at fair value	$	376	$	-	$	-	$	376

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 years ended May 31, 2015 and 2016:

		(in thousands)
Fair value at May 31, 2014	$	895
Payments received		(604)
Change in fair value		85
Fair value at May 31, 2015		376
Change in fair value		(46)
Payments received		(200)
Fair value at May 31, 2016	$	130