Intangible Assets

12 Months Ended

May 31, 2012

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:

	2012			2011
At cost:
Licenses and software	$	2,278,425		$	2,273,118
Less: Accumulated amortization		(597,453	)		(474,721	)
Intangible assets, net	$	1,680,972		$	1,798,397

Amortization expense for the years ended May 31, 2012 and 2011 amounted to $121,632and $118,875, respectively.

Impairment loss on intangible assets for the years ended May 31, 2012 and 2011 are $nil and $46,259, respectively.