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CONSOLIDATED BALANCE SHEET (USD $)
Nov. 30, 2012
May 31, 2012
Cash and cash equivalent $ 1,107,812 $ 1,085,784
Accounts receivables, net 8,894,884 3,689,990
Prepaid account 3,181,292 2,389,547
Due from related parties 896,411 1,390,074
Other receivables 1,895,999 1,079,165
Inventory 1,173,645 1,985,391
Deferred tax assets, current 39,573 38,238
Total current assets 17,189,615 11,658,189
Plant, property and equipment, net 495,309 549,322
Total assets 17,684,924 12,207,511
Accounts payable 1,119,314 744,449
Tax payable 699,578 241,698
Short-term debt 3,339,058 6,787,152
Notes payable 1,590,027 1,578,407
Customer deposit 783,341 703,713
Due to related parties 82,212 194,312
Accrued expense and other payables 297,693 607,341
Total current liabilities 7,911,223 10,857,071
Total liabilities 7,911,223 10,857,071
Common stock, par value $0.001 per share; 60,000,000 shares authorized; and 31,327,741 shares and 30,067,741 shares issued and outstanding at November 30, 2012, and May 31, 2012, respectively 31,328 30,068
Additional Paid In Capital 6,816,967 669,932
Statutory reserve 31,263 31,263
Retained earnings 2,559,095 529,803
Accumulated other comprehensive income 335,047 89,374
Total stockholders' equity 9,773,700 1,350,440
Total liabilities and stockholders' equity $ 17,684,924 $ 12,207,511