Note 7 - Intangible Assets

6 Months Ended

Nov. 30, 2013

Notes

Note 7 - Intangible Assets

NOTE 7 – 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:

	November 30, 2013	May 31, 2013
At cost:
Licenses and software	$2,281,786	$2,278,603
Less: Accumulated amortization	(778,369)	(719,132)
Intangible assets, net	$1,503,417	$1,559,471

Amortization expense for the six months ended November 30, 2013 and 2012 amounted to $58,210 and $60,884, respectively.