Intangible Assets

3 Months Ended

Nov. 30, 2011

Intangible Assets

Intangible Assets

NOTE 8 – INTANGIBLE ASSETS

Intangible assets of the Company consist primarily of licenses and software for the PRC operations.  

Intangible assets as of the balance sheet dates are summarized as follows:

	November 30, 2011			May 31, 2011
At cost:
Licenses and software	$	2,269,581		$	2,273,118
Less: Accumulated amortization		(534,558	)		(474,721	)
Intangible assets, net	$	1,735,023		$	1,798,397

Amortization expense for the six months ended November 30, 2011 and 2010 amounted to $60,670 and $58,227, respectively.