Surety insurance. Revenue from insurance services, including net premiums earned, gain on sale of insurance block, agency management fees and insurance contract fees and commissions. Investment advisory Fees earned for providing investment advice and research to customers. Such services may include the investment management of mutual funds and separate accounts. Common Stock Par Value Per Share. Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Unsecured demand notes payable to individuals and others; interest rate fixed @ 10% ($75,000 to related party) Assets measured at fair value on a recurring basis Amortized Cost And Estimated Market Value Of Bonds And Equity Securities NET DECREASE IN CASH NET DECREASE IN CASH Costs of mortgaged-backed securities acquired Unearned premium Change in the amount of premiums written on insurance contracts that have not been earned during the period. Mandatorily redeemable Series B Redeemable Preferred Stock, shares authorized The maximum number of an additional series of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Mandatorily redeemable Series A Redeemable Preferred Stock, shares issued Total number of mandatorily redeemable series A preferred shares issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Accumulated deficit Defer payment of dividends on Series C Preferred Stock which is accrued and unpaid Defer payment of dividends on Series C Preferred Stock which is accrued and unpaid Defer payment of dividends on the Series B Preferred stock Aggregate amount of cumulative preferred dividends in arrears Dividends payable Series A Preferred stock Dividends payable Series A Preferred stock Face value of Series A preferred stock Face value of Series A preferred stock Accrued Dividends on preferred stock Accrued Dividends on preferred stock. Series B Preferred Stock liquidation preference per annum (fixed annual rate of $80 per share) The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Avergage quoted closing price per share Avergage quoted closing price per share Demand notes 2016 - 2017 Scheduled maturities and principal payments Scheduled maturities: Proceeds from borrowings, The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. Notes Payable and Advances from Related Party Bridge Lenders: Interest rate on unsecured demand notes payable to individuals and others. Interest rate stated in the contractual debt agreement. Interest rate on unsecured demand notes payable to individuals and others Interest rate stated in the contractual debt agreement. Unsecured short-term advances from principal shareholder and chief executive officer; interest rate fixed @ 12% Secured demand note payable to individuals; interest rate fixed @ 10%; secured by accounts receivable for investment advisory fees Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer Fixed income securities at fair value Fixed income securities at fair value Assets: Investments and Fair Value Disclosures Shor Term Investments: Total State and muncipal securities Total State and muncipal securities Cost and estimated market value of bonds and equity securities available-for-sale and carried at market value, securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. U.S. government agency mortgage backed securities U.S. government agency mortgage backed securities InvestmentsAndFairValueDisclosuresTables Preferred Stock {1} Preferred Stock Series A Mandatorily Redeemable Preferred Stock Amount Statement, Equity Components [Axis] CASH FLOWS FROM FINANCING ACTIVITIES Accretion of discount The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Net unrealized gain (loss) attributable to available-for-sale investments recognized in other comprehensive income (Loss) Net loss attributable to common stockholders Incurred policy losses Total Revenues Total Revenues Series C Preferred Stock, Par Value Series A Preferred Stock, shares outstanding Aggregate share number for all nonredeemable series A preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Mandatorily redeemable Series B Redeemable Preferred Stock,Share liquidation value The per share liquidation preference (or restrictions) Mandatorily redeemable Series B preferred stock that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Mandatorily redeemable Series B Redeemable Preferred Stock, par value Face amount or stated value per share of additional series of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Series A Preferred Stock, $.0001 par value per share; 1 million shares authorized; 1,549 shares issued and outstanding at November 30, 2012 and May 31, 2012, respectively; stated liquidation value of $1,000 per share Aggregate value of mandatorily redeemable preferred stock which the Company has issued and which is outstanding as of the balance sheet date. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable and, therefore, becomes a liability if that event occurs, the condition is resolved, or the event becomes certain to occur. A mandatorily redeemable financial instrument is classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the entity. Mandatorily redeemable Series B Preferred Stock, $.0001 par value per share; 3,136 shares authorized; 2,817 shares issued and outstanding at November 30, 2012 and May 31, 2012; stated liquidation value of $1,000 per share Aggregate value of mandatorily redeemable preferred stock which the Company has issued and which is outstanding as of the balance sheet date. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable and, therefore, becomes a liability if that event occurs, the condition is resolved, or the event becomes certain to occur. A mandatorily redeemable financial instrument is classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the entity. Reinsurance Agreement: Investment advisory. Fees earned for providing investment advice and research to customers. Such services may include the investment management of mutual funds and separate accounts. Under Recapitalization, for each Series B Share holder receives: Accrual of dividends on equity preferred stock Accrual of dividends on equity preferred stock. Conversion Price per common share Conversion Price per common share Issue of 4% non voting Series A Preferred Stock shares through private placement Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased Continued borrowings total Continued borrowings total Second round bridge finance Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Percentage of common shares towards interest Percentage of common shares towards interest Fair Market Value Increased percentage of outstanding common stock issued to bridge finance lenders Increased percentage of outstanding common stock issued to bridge finance lenders. Increase interest rate on loan Basis of Presentation Bridge Finance Forbearance Agreement: Commitments, Contingencies, and Material Agreements Basis of Presentation {1} Basis of Presentation Total Series C Preferred Shares Additional consideration paid for issuance of debt Change in operating assets and liabilities: Realized loss on sale of securities Basic and Dilutive Net Income (Loss) Per Share: Operating Expenses: Other income Total Liabilities Total Liabilities Other assets Investment income due and accrued Document Fiscal Period Focus Borrowings from principal shareholder and CEO Borrowings from its principal shareholder and CEO. Net. Net. The amount of net earned premiums during the period Net Income (Loss): Series A Share cumulative dividend rate Rate of cumulative dividends on Preferred stock Exchange value of Series B into Series C Stock Exchange value of Series B into Series C Stock Issue of 8% non voting Series A Preferred Stock shares through private placement Issue of 8% non voting Series A Preferred Stock shares through private placement Notes payable under bridge finance to related party Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Notes Payable and Advances from Related Party Notes Payable Parentheticals: Secured demand note payable to individual; interest rate fixed @ 12% Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Gross Realized Gains Foreign Obligations Foreign Obligations Cost and estimated market value of Canadian bonds and equity securities available-for-sale and carried at market value, securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. Segment Reporting Tables Accumulated Other Comprehensive Income (Loss) Net investment income Mandatorily redeemable Series A Redeemable Preferred Stock, shares outstanding Aggregate share number for all mandatorily redeemable series A redeemable preferred stock held by stockholders. Does not include preferred shares that have been repurchased. Mandatorily redeemable Series A Redeemable Preferred Stock, par value Face amount or stated value per share of additional series of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Term and demand notes payable to related party The amount for notes payable (written promise to pay), payable to related parties, which are due ata specific date in the future. Premiums and other accounts receivable Investments and Cash: Statement [Table] Defer payment of dividends on Series B Preferred Stock which is accrued and unpaid Defer payment of dividends on Series B Preferred Stock which is accrued and unpaid Repayments to borrowings from principal shareholder and CEO Repayments to borrowings from principal shareholder and CEO Issuance of shares includes in borrowings as additional consideration Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury Demand notes bearing interest rate minimum range Demand notes bearing interest rate minimum range Subsequent Events borrowings and shares issued: Common stock issued for services rendered Common stock issued for services rendered unsecured notes payable to related party The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Investments and Fair Value Disclosures Bonds and Equity Securities STOCKHOLDERS EQUITY Net income (loss), three month period ended August 31, 2012 The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Series C Preferred Amount and APIC Net cash flows used in financing activities Net cash flows used in financing activities Repayment of related party debt Net realized investment gains Parentheticals Stockholders' Equity (Deficit) Cash Entity Well-known Seasoned Issuer Defer payment of dividends on Series A Preferred Stock which is accrued and unpaid Defer payment of dividends on Series A Preferred Stock which is accrued and unpaid Interest rate on borrowings from principal shareholder and CEO Interest rate on borrowings from principal shareholder and CEO Net Net Contract minimum of ceded premium written Contract minimum of ceded premium written Written ceded premium on coal reclamation surety bonds Written ceded premium on coal reclamation surety bonds No Claims bonus receivable No Claims bonus receivable as on the date. Total revenues: Total revenues: Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Payroll withholdings in State of West Virginia Payroll withholdings in State of West Virginia Conversion price of Series C into common stock Conversion price of Series C into common stock Amount of Series B preferred stock redemption The redemption (or callable) amount of an additional series of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Series B Preferred Stock value, Value of each additional class of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Series A preferred stock shares issued. Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt Value of Common stock issued Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Amounts owed to related party Balance owed, beginning of period Transactions with related party during the financial reporting period Notes Payable and Advances from Related Party Bridge Financing: Interest rate on unsecured short term advances Interest rate stated in the contractual debt agreement. Secured demand note payable to individuals; interest rate fixed @ 14%; secured by accounts receivable for investment advisory fees Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Increase in quartely payment towards loan Increase the quarterly payments for eight consecutive quarters beginning September 10, 2009 to satisfy the arrearage. Advances Made To The Company By Its Principle And Share Holders The entire tabular disclosure is about Scheduled maturities and principal payments. Notes Payable And Advances From Related Party Tables Subsequent Events {1} Subsequent Events Preferred Stock Recent Accounting Pronouncements {1} Recent Accounting Pronouncements Accrued dividends of Series C equity preferred stock Interest paid Net cash flows from (used in) investing activities Net cash flows from (used in) investing activities Related party accounts payable Amortization of premium Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Reclassification adjustment for realized (gain) loss included in net income (Loss) Depreciation Series C Preferred Stock, shares authorized Furniture, automobile, and equipment, net of accumulated depreciation of $107,959 and $102,616, respectively Extended borrowings from individuals The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. Direct. Revenues. Holders of over Percentage of Series B shares elected to participate in Recaptilization Holders of over Percentage of Series B shares elected to participate in Recaptilization Accrued (undeclared) Series C dividends Aggregate amount of cumulative preferred dividends in arrears Preferred Stock Dividend Preference and Accretion: JFG common stock (for no additional consideration) JFG common stock (for no additional consideration) Preferred stock Par Value Per Share Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Dividends on Series B mandatorily redeemable preferred stock deducted from net income Dividends on Series B mandatorily redeemable preferred stock deducted from net income Share holders equities Series B Preferred Stock: Interest rate. Interest rate stated in the contractual debt agreement. Notes Payable and Advances from Related Party Shares: Denominator of financing Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Interest rate on secured demand note payable to individuals Interest rate stated in the contractual debt agreement. Equity securities (derivatives). This item represents, as of the balance sheet date of gross realized gains and losses on closed derivative transactions- clovered calls Investments and Fair Value Disclosures Assets STOCKHOLDERS EQUITY Gross Unrealized Gains Interest payable on loan Amount required to be paid on bridge loan, agreement was subsequently entered into with the bridge lenders on modifying payment terms including increasing the interest rate on the loans Accrued dividends of Series C equity preferred stock, Issuance of common stock as additional consideration for financing arrangements, Statement of Stockholders Equity Proceeds from related party debt Net Income (Loss) Attributable to Common Stockholders Investment advisory services Common Stock, shares authorized LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Document Fiscal Year Focus Balance owed to Principal Shareholder Balance owed to Principal Shareholder Earned: Direct Reinsurance Agreement Ceded Premium: Receipt of cumulative no claims bonus Receipt of cumulative no claims bonus as on the date. Deposits to reinsurers quarterly in arrears in equal amounts Deposits to reinsurers quarterly in arrears in equal amounts Number of common stock shares issued to Series C Stockholders Number of common stock shares issued to Series C Stockholders Series A preferred stock shares authorized. Aggregate amount of each class of warrants or rights outstanding Avergage quoted closing price per share issued Avergage quoted closing price per share issued Share holders equities Common Stock Interest rate on secured demand note payable to individuals' Interest rate stated in the contractual debt agreement. Derivatives Derivatives The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Total increase in quartely payment towards loan TotalIncrease the quarterly payments for eight consecutive quarters beginning September 10, 2009 to satisfy the arrearage Summary Of Common Shares Issued To Note Holders The entire tabular disclosure is about Advances Made to the Company by its Principle and Share Holders Stock-Based Compensation {1} Stock-Based Compensation Commitments, Contingencies, and Material Agreements {1} Commitments, Contingencies, and Material Agreements Non-cash investing and financing transaction: Proceeds from borrowings Costs of bonds acquired Net Loss Net Income (Loss) Per Share Accrued dividends of Series A Mandatorily Redeemable Preferred Stock Net Income (Loss) from Operations Net Income (Loss) from Operations Insurance premiums and commissions Amortized cost Equity investments available for sale Additional paid in capital Related party payable Reserve for losses and loss expenses Deferred policy acquisition costs Short-term investments, at cost (approximates market value) Document Period End Date Document Type Minimum Premium as per contract Minimum Premium as per contract Accrued and withheld Federal Payroll Taxes Noncurrent Commitments Contingencies and Material Agreements: Defer payment of dividends on the Series C Preferred stock Aggregate amount of cumulative preferred dividends in arrears Series C compounding dividend preference Rate of cumulative dividends on Preferred stock Common issuance offsetting the Series C carrying value Common issuance offsetting the Series C carrying value Redemption of Series B preferred Stock Redemption of Series B preferred Stock Common stock issued additional Value of each additional class of issued common stock. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Value of shares issued under semi-annual issuance Value of shares issued under semi-annual issuance Balance owed, end of period Transactions with related party during the financial reporting period Advances from CEO: Increase in quartely repayment of loan The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Total. This item represents, as of the balance sheet date of gross realized gains and losses on closed derivative transactions- clovered calls Gross Proceeds Fair Value Measurements Using Level 2 Fair Value Measurements Using Level 1 Net proceeds from equity on or before September 10, 2013 Reinsurance Tables Notes Payable To Individuals And Businesses The entire tabular disclosure is about Summary of Common Shares Issued to Note Holders. Unrealized net gain (loss) on available for sale securities, Accrued dividends of Series A mandatorily redeemable convertible preferred stock, Accrued dividends of Series A mandatorily redeemable convertible preferred stock, Accrued dividends of Series A mandatorily redeemable convertible preferred stock Accrued dividends of Series A mandatorily redeemable convertible preferred stock Income taxes paid CASH FLOWS FROM INVESTING ACTIVITIES Other assets. Series A Preferred Stock, shares issued Total number of nonredeemable series A preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Mandatorily redeemable Series B Redeemable Preferred Stock, shares issued Total number of mandatorily redeemable series B preferred shares issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Total Stockholders' Equity (Deficit) Total Stockholders' Equity (Deficit) Notes payable Document and Entity Information Vested stock options over the next three years ending in June 2011 Vested stock options over the next three years ending in June 2011 The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date. Corporate Revenue from Corporate. Interest and Penalties The sum of the amounts of estimated penalties and interest recognized in the period arising from income tax examinations. Series C Preferred Stock shares Total number of additional series of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased and remain in the treasury). May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. Excludes preferred shares that are classified as debt. Dividend Rate on Series C stock Rate of cumulative dividends on Preferred stock Accrued Dividends on mandatorily redeemable preferred stock: Series A Preferred Stock value, Issue of warrants for common shares of Company stock for series A Aggregate amount of each class of warrants or rights outstanding 2015 (including demand notes) Scheduled maturities and principal payments including demand notes. Notes Payable from Related Parties: Quarterly repayment of loan The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Amount of less than qualfied financing Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Percentage of common shares to notes finance Percentage of common shares to notes finance Short term investments, Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Income (or loss) decreases (or increase) after accrued dividends on mandatorily redeemable preferred stock Recent Accounting Pronouncements Balance Balance Balance Provision for loss reserves General and administrative Series C Preferred Stock, shares outstanding Series A Preferred Stock, Par Value Face amount or stated value per share of additional series of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Accumulated other comprehensive income (loss) Accounts payable Accrued expenses and professional fees payable Advanced premium Reserve for unearned premiums The unexpired portion of premiums on policies in force as of the balance sheet date. Intangible assets Prepaid reinsurance premium Statement [Line Items] Ceded Additional Ceded Premium Additional Ceded Premium Reinsurance receipt: Ceded reinsurance payable (deposited) Ceded reinsurance payable (deposited) Ceded reinsurance payable (deposited) Total net income (loss) Total net income (loss) The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Series B preferred stock shares authorized The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Value per share under semi-annual issuance Value per share under semi-annual issuance Accrued payroll offsetting repayments Accrued payroll offsetting repayments Total of increase in quartely repayment of loan The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Total Assets. Total Assets. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Gross Unrealized Losses Percentage of outstanding common stock to be issued to bridge finance lenders Percentage of outstanding common stock to be issued to bridge finance lenders Gains On The Sale of Securities Classified as available-for-sale Amortized Cost And Estimated Market Value Of Bonds And Equity Securities As Of May 31 2012 The entre tabular disclosure is about Assets measured at fair value on a recurring basis. Stockholders Equity {1} Stockholders Equity CASH AT BEGINNING OF PERIOD CASH AT BEGINNING OF PERIOD CASH AT END OF PERIOD Premium and other receivables. CASH FLOWS FROM OPERATING ACTIVITIES Accrued dividends on Series C Preferred Stock equity The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Accretion of Mandatorily Redeemable Convertible Preferred Stock, including accrued dividends The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Mandatorily redeemable Series A Redeemable Preferred Stock, shares authorized The maximum number of an additional series of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Accrued interest payable to related party Carrying value as of the balance sheet date of interest incurred and payable, pertaining to related parties. Accrued interest payable Funds deposited with Reinsurers Entity Current Reporting Status Entity Common Stock, Shares Outstanding Entity Registrant Name Conversion price of Series B into common stock Conversion price of Series B into common stock. Each share of Series B convertible into number of shares at any time after original issue date Each share of Series B convertible into number of shares at any time after original issue date Common stock issued for borrowings Common stock issued for borrowings 2014 (including demand notes) Scheduled maturities and principal payments including demand notes. Notes Payable and Advances from Related Party Board Member for Consulting services provided Notes Payable and Advances from Related Party Board Member for Consulting services provided Issued shares. Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Unsecured note(s) payable to individual(s) under a bridge-financing arrangement described below ($360,000 to related party) Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Equity securities. This item represents, as of the balance sheet date of gross realized gains and losses on closed derivative transactions- clovered calls. Stock-Based Compensation Segment Reporting {1} Segment Reporting Increase (Decrease) in accrual of common shares to be issued in connection with financing arrangements, SUPPLEMENTAL DISCLOSURES Purchase of equity securities Net unrealized gain of available-for-sale investments arising during period Accrued dividends and accretion of Series B Mandatorily Redeemable Preferred Stock The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Common Stock, shares outstanding Series A Preferred Stock, shares authorized The maximum number of an additional series of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Mandatorily redeemable Series B Redeemable Preferred Stock, shares outstanding Aggregate share number for all mandatorily redeemable series B redeemable preferred stock held by stockholders. Does not include preferred shares that have been repurchased. Mandatorily redeemable Series A Redeemable Preferred Stock,Share liquidation value The per share liquidation preference (or restrictions) Mandatorily redeemable Series A preferred stock that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Amortized cost Bonds and mortgaged-back securities available for sale TOTAL ASSETS TOTAL ASSETS Equity investments available for sale, at market value, net (amortized cost - 11/30/12 $488,760; 05/31/12 $519,120) Dividend Rate Series B Preferred stockholders Dividend Rate Series B Preferred stockholders Stock Based Compensation Options Consists Of: Ceded. Written: Surety insurance Revenue from insurance services, including net premiums earned, gain on sale of insurance block, agency management fees and insurance contract fees and commissions. Per Share value based on average quoted closing price Per Share value based on average quoted closing price Series A Preferred Stock, par value per share Face amount or stated value per share of additional series of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Repayments The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Assumption of company debt Assumption of company debt Gross Realized Losses State and municipal securities State and municipal securities Cost and estimated market value of bonds and equity securities available-for-sale and carried at market value, securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. Basis Of Presentation Liquidity And Going Concern: Scheduled maturities and principal payments The entire tabular disclosure is about Scheduled maturities and principal payments. Investments and Fair Value Disclosures Issuance of common stock as compensation for services Net cash flows from (used in) operating activities Net cash flows from (used in) operating activities Deferred policy acquisition costs. Depreciation. Stock issued in connection with dividend arrangements The fair value of stock issued in connection with dividend arrangements Stock issued (or to be issued) in connection with financing arrangements The fair value of stock issued in connection with financing arrangements Comprehensive loss attributable to common stockholders Comprehensive loss attributable to common stockholders Accumulated depreciation of Furniture, automobile, and equipment Exercise price Per Share of awarded stock options Defer payment of dividends on the Series A Preferred stock Aggregate amount of cumulative preferred dividends in arrears Series B compounding dividend preference Rate of cumulative dividends on Preferred stock Series A preferred stock value (face value and dividends payable) Series A preferred stock value (face value and dividends payable) Series B Preferred stock shares 6805 surrendered for exchange of Series C Stock Series B Preferred stock shares 6805 surrendered for exchange of Series C Stock Issue of warrants for common shares of Company stock for series B Aggregate amount of each class of warrants or rights outstanding Series A Preferred Stock liquidation preference per annum (fixed annual rate of $40 per share) First round bridge finance Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Equity securities at fair value (includes derivatives) Equity securities at fair value (includes derivatives) For a classified balance sheet, this item represents investments in common and preferred stocks and other forms of securities that provide ownership interests in a corporation and are held principally for the purpose of selling them in the near term (thus held for only a short period of time, usually less than one year or the normal operating cycle, whichever is longer). Fixed interest rate on notes Interest rate stated in the contractual debt agreement. Bridge financing obtained by company The Company obtained two rounds of bridge financing totaling an aggregate Presents Revenue And Other Financial Information by Industry Segment Subsequent Events Reinsurance Notes Payable and Advances from Related Party Unrealized net loss on available for sale securities Common Stock Amount Common Stock Shares Accrual of Series A preferred stock dividends Accrual of Series A preferred stock dividends Net Income (Loss) Net Income (Loss) Insurance policy acquisition costs Costs incurred for acquiring insurance policies. Series C Preferred Stock, shares issued Common stock, $.0001 par value per share; 490 million shares authorized; 308,154,805 and 270,352,831 shares issued and outstanding at November 30, 2012 and May 31, 2012, respectively Total Mandatorily Redeemable Preferred Stock Total Mandatorily Redeemable Preferred Stock Total of the aggregate value of mandatorily redeemable preferred stock value Entity Voluntary Filers Common stock shares issued to Series B preferred stock holders Common stock shares issued to Series B preferred stock holders Corporate. Corporate net income (loss) Series C Preferred Stock shares authorized The maximum number of an additional series of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Dividends of Series A deduction from net income Dividends of Series A deduction from net income. Redeemable Preferred Stock As Follows: Additional percentage of stock dividend Additional percentage of stock dividend Common stock proceeds The cash inflow from the additional capital contribution to the entity. Increased interest rate Interest rate stated in the contractual debt agreement. Qualfied financing Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Percentage of common shares towards interest. Percentage of common shares towards interest. Notes payable. Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Assets At Fair Value Amortized Cost Percentage of outstanding common stock issued to bridge finance lenders Percentage of outstanding common stock issued to bridge finance lenders Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Notes Payable and Advances from Related Party {1} Notes Payable and Advances from Related Party The entire disclosure for notes payable and advance from related party Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, with initial maturities beyond one year or beyond the normal operating cycle and borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Investments and Fair Value Disclosures {1} Investments and Fair Value Disclosures Issuance of common stock as additional consideration for financing arrangements Series A Mandatorily Redeemable Preferred Stock Shares (Purchase)/Collection of accrued interest The cash outflow towards accrued interest for the reporting period Comprehensive income (loss): Revenues: Common Stock, shares issued Common Stock, Par Value Series C Preferred Stock, $.0001 par value per share; 10,000 shares authorized; 6,805 shares issued and outstanding at November 30, 2012 and May 31, 2012, respectively; includes $4,520,655 and $4,299,181 accrued Series C dividends, respectively Commitments and Contingencies (See Notes) Mandatorily redeemable Series A Preferred Stock, $.0001 par value per share; 1 million shares authorized; 1,126 shares issued and outstanding at November 30, 2012 and May 31, 2012, respectively; stated liquidation value of $1,000 per share Aggregate value of mandatorily redeemable preferred stock which the Company has issued and which is outstanding as of the balance sheet date. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable and, therefore, becomes a liability if that event occurs, the condition is resolved, or the event becomes certain to occur. A mandatorily redeemable financial instrument is classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the entity. Entity Central Index Key Awarded Incentive Stock Options Prepaid reinsurance premium. The unexpired portion of premiums ceded on policies in force as of the balance sheet date. Preferred Stock Equity Transactions: Cash investments in exchange of shares issued Series A Preferred stock Value of all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by shareholders, which is net of related treasury stock. May be all or a portion of the number of preferred shares authorized. These shares represent the ownership interest of the preferred shareholders. 2013 (including demand notes) Scheduled maturities and principal payments including demand notes. Notes Payable and Advances from Related Party Payables As Of: Notes Payable and Advances from Related Party Notes Payable: Equity securities Equity securities Reinsurance {1} Reinsurance Stockholders Equity Accumulated Deficit Additional Paid-In Capital Repayment of mortgage-backed securities Sale of securities available for sale Investment income due and accrued. Accrual of Series B preferred stock dividends and accretion Accrual of Series B preferred stock dividends and accretion Stock issued (or to be issued) in connection with services rendered The fair value of stock issued in connection with services rendered Interest expense Total Operating Expenses Total Operating Expenses Other liabilities Bonds and mortgaged-back securities available for sale, at market value (amortized cost - 11/30/12 $6,700,515; 05/31/12 $5,915,428) Amendment Flag Vested awarded incentive stock options The number of exercisable share options (fully vested and expected to vest) that may be converted as of the balance sheet date. Premium rate as per contract Minimum Premium as per contract Estimated Penalties and interest Common stock in connection with the semi-annual issuance of shares under terms of the bridge-financing arrangement Common stock in connection with the semi-annual issuance of shares under terms of the bridge-financing arrangement Total deamand notes upto 2017 Total maturities and principal payments Common shares issued for the forbearance Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Investments and Fair Value Disclosures Gross Realized Gains STOCKHOLDERS EQUITY Short-term investments at fair value Short-term investments at fair value Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Fair Value Measurements Using Level 3 Effects Of Reinsurance On Premium Written And Earned The entire tabuler disclosure is about effects of reinsurance on premium written and earned. Segment Reporting Basis of Presentation Common stock option expense, Net income (loss), six month period ended November 30, 2012 The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Increase (Decrease) in accrual of common shares to be issued in connection with financing arrangements Increase (Decrease) in accrual of common shares to be issued in connection with financing arrangements Repayment of borrowings Decrease in short-term investments Accrued expenses and other liabilities Accounts payable and cash overdraft Stock option expense Other comprehensive income (loss): Weighted-Average Shares Outstanding Series C Preferred Stock, Accrued Dividends Series A Preferred Stock, Share liquidation value The per share liquidation preference (or restrictions) Series A preferred stock that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Total Investments and Cash Total Investments and Cash ASSETS Entity Filer Category Current Fiscal Year End Date