SUPPLEMENTAL INFORMATION OF CASH FLOWS

12 Months Ended

May 31, 2012

Note 11. SUPPLEMENTAL INFORMATION OF CASH FLOWS

Supplemental information of cash flows for the years ended May 31:

	2012	2011
Non-cash investing and financing activities:
Preferred dividend accrual	$242,192	$ -
Equipment purchased through capital lease	563,026	-
Advances from related party applied against Receivables from related party	625,180
Supplemental information:
Interest paid	516,059	722,855
Taxes paid	-	-

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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