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Available-for-sale Investments
3 Months Ended
Feb. 29, 2012
Available-for-sale Investments [Abstract]  
Available-for-sale Investments

NOTE 5 – AVAILABLE-FOR-SALE INVESTMENTS

 

As of the balance sheet dates, available-for-sale investments are summarized as follows:

 

 

 

February 29,2012

 

 

May 31, 2011

 

 

 

 

 

 

 

 

Investment in trust funds

 

$

317,804

 

 

$

308,734

 

Shanghai Hai He Computing Technology Company Limited (“Hai He”)

 

 

-

 

 

 

390,603

 

 

 

 

317,804

 

 

 

699,337

 

Provision for impairment - investments in Hai He

 

 

-

 

 

 

(390,603

)

Total

 

$

317,804

 

 

$

308,734

 

 

During the nine months ended February 29, 2012, the Company fully impaired the investment in Shanghai Hai He.