NET INCOME PER SHARE

12 Months Ended

May 31, 2013

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 9 – NET INCOME PER SHARE

Basic earnings per common share are computed by dividing earnings available to stockholders by the weighted average number of common shares outstanding during the period.  Diluted earnings per share reflects per share amounts that would have resulted if dilutive potential common stock equivalents had been converted to common stock.  As of October 15, 2011, all stock options expired and there are no instruments related to diluted earnings that are left outstanding at May 31, 2013.  The following reconciles the information used to compute basic and diluted earnings per share:

	Average Common Stock Shares
	2013		2012
Basic weighted average shares outstanding		11,733,489		11,734,632
Effect of options		-		-
		11,733,489		11,734,632