XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Nov. 30, 2013
May 31, 2013
Current assets    
Cash and cash equivalents $ 5,496,499 $ 5,479,091
Inventories 10,717 10,621
Accounts receivable 599,663 2,398,488
Tax recoverable 23,533 23,323
Other receivables and deposits 922,440 434,606
Total current assets 7,052,852 8,346,129
Property, plant and equipment, net 1,598,472 1,900,561
Intangible assets, net 1,503,417 1,559,471
Goodwill 610,386 610,386
Amount due from a related company 3,314,016 3,302,301
Total assets 14,079,143 15,718,848
Current liabilities    
Deferred income 1,020,382 840,740
Accounts payable 1,157,048 3,751,360
Accrued expenses and other payables 556,153 534,375
Amount due to a related company 131,971 116,318
Taxes payable 849,062 718,042
Total current liabilities 3,714,616 5,960,835
Deferred tax liabilities 12,498 19,739
Total liabilities 3,727,114 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 1,719,440 1,095,216
Accumulated other comprehensive income 877,464 887,933
Total stockholders' equity 10,352,029 9,738,274
Total liabilities and stockholders' equity $ 14,079,143 $ 15,718,848