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Certificates of Deposit and Marketable Securities (Tables)
6 Months Ended
Nov. 30, 2015
Certificates of Deposit and Marketable Securities [Abstract]  
Summary of assets measured at fair value on recurring basis

 

  November 30, 2015   Level 1     Level 2     Level 3     Total  
  Certificates of Deposit   $ -     $ 1,530,000     $ -     $ 1,530,000  
  Equity Securities     27,816       -       -       27,816  
      $ 27,816     $ 1,530,000     $ -     $ 1,557,816  

 

  May 31, 2015   Level 1     Level 2     Level 3     Total  
  Certificates of Deposit   $ -     $ 1,244,000     $ -     $ 1,244,000  
  Equity Securities     27,568       -       -       27,568  
      $ 27,568     $ 1,244,000     $ -     $ 1,271,568  
Summary of marketable securities

  November 30, 2015
Current
  Amortized 
Cost
    Gross 
Unrealized 
Holding 
Gains
    Gross 
Unrealized 
Holding 
Losses
    Recorded 
Value
 
  Certificates of Deposit    $ 1,530,000     $ -     $ -     $ 1,530,000  
  Equity Securities     16,866       10,950       -       27,816  
      $ 1,546,866     $ 10,950     $ -      

$ 1 ,557,816

 

 

  May 31, 2015
Current
  Amortized 
Cost
    Gross 
Unrealized 
Holding 
Gains
    Gross 
Unrealized 
Holding 
Losses
    Recorded 
Value
 
  Certificates of Deposit    $ 1,244,000     $ -     $ -     $ 1,244,000  
  Equity Securities     16,866       10,702       -       27,568  
      $ 1,260,866     $ 10,702     $ -     $ 1,271,568