Cash and Cash Equivalents

6 Months Ended

Nov. 30, 2015

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of November 30, 2015 and May 31, 2015:

	November 30, 2015		May 31,  2015
Cash in banks	$	4,145,310	$	2,851,802
Money market funds		534,917		817,988
	$	4,680,227	$	3,669,790