ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

May 31, 2013

Payables and Accruals [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

5. ACCRUED EXPENSES AND OTHER LIABILITIES

As of May 31, 2013 and 2012, accrued expenses and other liabilities consist of the following approximate amounts:

	May 31, 2013		May 31, 2012
Accounts payable	$	642,612	$	1,442,634
Accrued interest and penalties payable		181,710		122,410
Accrued income taxes		100,000		100,000
Accrued other		616,841		616,653
	$	1,541,163	$	2,281,697