Note 8 - Intangible Assets

12 Months Ended

May 31, 2013

Notes

Note 8 - Intangible Assets

NOTE 8 – 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:

	2013	2012
At cost:
Licenses and software	$2,278,603	$2,278,425
Less: Accumulated amortization	(719,132)	(597,453)
Intangible assets, net	$1,559,471	$1,680,972

Amortization expense for the years ended May 31, 2013 and 2012 amounted to $121,632 and $121,632, respectively.