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CONSOLIDATED BALANCE SHEETS - USD ($)
May. 31, 2015
May. 31, 2014
May. 31, 2013
Current assets      
Cash and cash equivalents $ 5,062,576 $ 2,991,276 $ 3,681,851
Inventories 3,951 3,974  
Accounts receivable 825,790 2,898,976  
Tax recoverable   23,372  
Other receivables and deposits 361,780 1,083,269  
Assets held for sale   1,713,011  
Total current assets 6,254,097 8,713,878  
Property, plant and equipment, net 3,803,404 1,451,894  
Intangible assets, net 1,777,171 1,939,613  
Goodwill 377,171 610,386  
Total assets 12,211,843 12,715,771  
Current liabilities      
Deferred income 794,435 743,793  
Accounts payable 781,362 2,798,373  
Accrued expenses and other payables 883,459 582,240  
Amount due to Non-controlling interest 2,033,852 148,791  
Taxes payable 656,242 671,125  
Liabilities related to assets held for sale   56,861  
Total current liabilities 5,149,350 5,001,183  
Deferred tax liabilities   4,780  
Total liabilities 5,149,350 5,005,963  
Equity      
Common stock, US$0.0001 par value , 300,000,000 shares authorized; 282,315,356 shares issued and outstanding, respectively 28,232 28,232  
Additional paid in capital 7,726,893 7,726,893  
Less: Amount due from a related company (3,289,447) (3,272,950)  
Retained earnings 2,141,129 2,172,842  
Accumulated other comprehensive income 836,582 891,021  
Total stockholders' equity 7,443,389 7,546,038 9,738,274
Non-controlling interests (380,896) 163,770  
Total equity 7,062,493 7,709,808 $ 9,738,274
Total liabilities and stockholders' equity $ 12,211,843 $ 12,715,771