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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
May 31, 2012
May 31, 2011
Current assets    
Cash and cash equivalents $ 3,520,248 $ 4,580,189
Inventories 18,385 6,679
Accounts receivable 633,009 644,642
Tax recoverable 22,755 107,308
Other receivables and deposits 383,443 441,351
Total current assets 4,577,840 5,780,169
Property, plant and equipment, net 2,367,320 2,936,979
Intangible assets, net 1,680,972 1,798,397
Goodwill 610,386 610,386
Available-for-sale investments 315,689 308,734
Amount due from a related company 3,261,155 1,182,200
Total assets 12,813,362 12,616,865
Current liabilities    
Deferred income 1,423,566 1,841,152
Accounts payable 715,078 939,932
Accrued expenses and other payables 576,331 422,837
Amount due to a related company 77,128 101,818
Taxes payable 450,700 120,484
Total current liabilities 3,242,803 3,426,223
Deferred tax liabilities 33,604 47,927
Total liabilities 3,276,407 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 1,045,811 787,825
Accumulated other comprehensive income 736,019 599,765
Total stockholders' equity 9,536,955 9,142,715
Total liabilities and stockholders' equity $ 12,813,362 $ 12,616,865