Note 4 - Cash & Cash Equivalents

6 Months Ended

Nov. 30, 2013

Notes

Note 4 - Cash & Cash Equivalents

NOTE 4 – CASH & CASH EQUIVALENTS

As of the balance sheet dates, cash & cash equivalents are summarized as follows:

	November 30, 2013	May 31, 2013
Cash and bank	$622,054		$1,086,549
Time deposits	4,874,445		4,392,542
Total	$5,496,499		$5,479,091

As of the balance sheet dates, the time deposits had a maturity term of less than three months.