Note 5 - Cash & Cash Equivalents

9 Months Ended

Feb. 28, 2014

Notes

Note 5 - Cash & Cash Equivalents

NOTE 5 – CASH & CASH EQUIVALENTS

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

	February 28, 2014	May 31, 2013
Cash and bank	$2,119,060	$1,086,549
Time deposits	3,383,211	4,392,542
Total	$5,502,271	$5,479,091

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