Note 8 - Intangible Assets

9 Months Ended

Feb. 28, 2013

Notes

Note 8 - 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:

	February 28,2013		May 31, 2012
At cost:
Licenses and software	$	2,280,372	$	2,278,425
Less: Accumulated amortization		(689,258)		(597,453)
Intangible assets, net	$	1,591,114	$	1,680,972

Amortization expense for the nine months ended February 28, 2013 and February 29, 2012 amounted to $91,331 and $91,345, respectively.