Commitments and Contingencies

12 Months Ended

May 31, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

3) Commitments and Contingencies A summary of noncancellable long-term operating lease commitments for facilities as of May 31, 2013 follows:

Fiscal Year	Amount
2014	$	242,000
2015		207,000
2016		181,000
2017		165,000
Total	$	795,000

Total rent expenses under all lease agreements amounted to $391,000 and $400,000 in fiscal 2013 and 2012, respectively.

The Company has entered into employment agreements with two of its officers expiring through 2017. The total remaining payments under these agreements is $1,525,000 at May 31, 2013.

From time to time, the Company is party to various lawsuits, some involving substantial amounts.  Management is not aware of any lawsuits that would have a material adverse impact on the consolidated financial position of the Company.