XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
May 31, 2013
May 31, 2012
Current assets    
Cash and cash equivalents $ 5,479,091 $ 3,520,248
Inventories 10,621 18,385
Accounts receivable 2,398,488 633,009
Tax recoverable 23,323 22,755
Other receivables and deposits 434,606 383,443
Total current assets 8,346,129 4,577,840
Property, plant and equipment, net 1,900,561 2,367,320
Intangible assets, net 1,559,471 1,680,972
Goodwill 610,386 610,386
Available-for-sale investments   315,689
Amount due from a related company 3,302,301 3,261,155
Total assets 15,718,848 12,813,362
Current liabilities    
Deferred income 840,740 1,423,566
Accounts payable 3,751,360 715,078
Accrued expenses and other payables 534,375 576,331
Amount due to a related company 116,318 77,128
Taxes payable 718,042 450,700
Total current liabilities 5,960,835 3,242,803
Deferred tax liabilities 19,739 33,604
Total liabilities 5,980,574 3,276,407
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 1,095,216 1,045,811
Accumulated other comprehensive income 887,933 736,019
Total stockholders' equity 9,738,274 9,536,955
Total liabilities and stockholders' equity $ 15,718,848 $ 12,813,362