XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Aug. 31, 2013
May 31, 2013
Current assets    
Cash and cash equivalents $ 5,819,179 $ 5,479,091
Inventories 10,656 10,621
Accounts receivable 2,351,926 2,398,488
Tax recoverable 23,400 23,323
Other receivables and deposits 528,965 434,606
Total current assets 8,734,126 8,346,129
Property, plant and equipment, net 1,720,340 1,900,561
Intangible assets, net 1,530,723 1,559,471
Goodwill 610,386 610,386
Amount due from a related company 3,303,732 3,302,301
Total assets 15,899,307 15,718,848
Current liabilities    
Deferred income 1,282,588 840,740
Accounts payable 3,299,991 3,751,360
Accrued expenses and other payables 534,929 534,375
Amount due to a related company 122,881 116,318
Taxes payable 764,106 718,042
Total current liabilities 6,004,495 5,960,835
Deferred tax liabilities 16,115 19,739
Total liabilities 6,020,610 5,980,574
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 1,218,743 1,095,216
Accumulated other comprehensive income 904,829 887,933
Total stockholders' equity 9,878,697 9,738,274
Total liabilities and stockholders' equity $ 15,899,307 $ 15,718,848