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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Nov. 30, 2011
May 31, 2011
Current assets    
Cash and cash equivalents $ 3,207,182 $ 4,580,189
Inventories 6,609 6,679
Accounts receivable 125,690 644,642
Tax recoverable 45,791 107,308
Other receivables and deposits 345,935 441,351
Total current assets 3,731,207 5,780,169
Property, plant and equipment, net 2,673,554 2,936,979
Intangible assets, net 1,735,023 1,798,397
Goodwill 610,386 610,386
Available-for-sale investments 1,099,095 308,734
Amount due from a related company 2,715,388 1,182,200
Total assets 12,564,653 12,616,865
Current liabilities    
Deferred income 1,866,301 1,841,152
Accounts payable 558,422 939,932
Accrued expenses and other payables 484,855 422,837
Amount due to a related company 76,867 101,818
Taxes payable 266,643 120,484
Total current liabilities 3,253,088 3,426,223
Deferred tax liabilities 39,083 47,927
Total liabilities 3,292,171 3,474,150
Stockholders' equity    
Common stock, US$0.0001 par value , 300,000,000 shares authorized; 282,315,325 shares issued and outstanding, respectively 28,232 28,232
Additional paid in capital 7,726,893 7,726,893
Retained earnings 827,520 787,825
Accumulated other comprehensive income 689,837 599,765
Total stockholders' equity 9,272,482 9,142,715
Total liabilities and stockholders' equity $ 12,564,653 $ 12,616,865