Note 18 - Recent Accounting Pronouncements	6 Months Ended
Nov. 30, 2012
New Accounting Pronouncements, Policy [Policy Text Block]	18. RECENT ACCOUNTING PRONOUNCEMENTS In July, 2012 the FASB issued No. ASU 2012-02: Intangibles – Goodwill and Other (Topic 350) (“ASU 2012-12”) which provides the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. The Company also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal periods beginning after September 15, 2012, which corresponds to the Company’s first quarter of fiscal 2014. The Company has decided on early adoption which is permitted. The adoption of ASU 2012-02 is not expected have a material impact on the Company’s consolidated financial statements. In December 2011, the FASB issued ASU No. 2011-11: Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”) which requires an entity to disclose information about offsetting and related arrangements to ensure that the users of the Company’s financial statements can understand the effect that offsetting has on the Company’s financial position. ASU 2011-11 is effective for annual periods beginning on or after January 1, 2013, which corresponds to the Company’s first quarter of fiscal 2014. Retrospective application is required for all comparative periods presented. The adoption of ASU 2011-11 is not expected have a material impact on the Company’s consolidated financial statements. The FASB issues ASUs to amend the authoritative literature in Accounting Standards Codification. There have been a number of ASUs to date that amend the original text of the ASC. Except for those listed above, those issued to date either (i) provide supplemental guidance, (ii) are technical corrections or (iii) are not applicable to the Company. Additionally, there were various other accounting standards and interpretations issued during the quarter ended November 30, 2012 that the Company has not been required to adopt, none of which is expected to have a material impact on the Company’s consolidated financial statements and the notes thereto going forward.

Note 18 - Recent Accounting Pronouncements

6 Months Ended

Nov. 30, 2012

New Accounting Pronouncements, Policy [Policy Text Block]

18. RECENT ACCOUNTING PRONOUNCEMENTS

In July, 2012 the FASB issued No. ASU 2012-02: Intangibles – Goodwill and Other (Topic 350) (“ASU 2012-12”) which provides the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, the Company concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. The Company also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal periods beginning after September 15, 2012, which corresponds to the Company’s first quarter of fiscal 2014. The Company has decided on early adoption which is permitted. The adoption of ASU 2012-02 is not expected have a material impact on the Company’s consolidated financial statements.

In December 2011, the FASB issued ASU No. 2011-11: Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”) which requires an entity to disclose information about offsetting and related arrangements to ensure that the users of the Company’s financial statements can understand the effect that offsetting has on the Company’s financial position. ASU 2011-11 is effective for annual periods beginning on or after January 1, 2013, which corresponds to the Company’s first quarter of fiscal 2014. Retrospective application is required for all comparative periods presented. The adoption of ASU 2011-11 is not expected have a material impact on the Company’s consolidated financial statements.

The FASB issues ASUs to amend the authoritative literature in Accounting Standards Codification. There have been a number of ASUs to date that amend the original text of the ASC. Except for those listed above, those issued to date either (i) provide supplemental guidance, (ii) are technical corrections or (iii) are not applicable to the Company. Additionally, there were various other accounting standards and interpretations issued during the quarter ended November 30, 2012 that the Company has not been required to adopt, none of which is expected to have a material impact on the Company’s consolidated financial statements and the notes thereto going forward.