XML 89 R58.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 5 - Acquisition of A Subsidiary: Schedule of Fair Value of Assets and Liabilities of Haitai (Details) - USD ($)
Jan. 31, 2015
May. 31, 2015
May. 31, 2014
Other receivables and deposits   $ 68,795 $ 153,244
Total assets   12,211,843 12,715,771
Liabilities      
Total liabilities   5,149,350 5,005,963
Goodwill   377,171 610,386
Taizhou Haitai Motor Vehicle Inspection Co, Ltd.      
Construction in progress $ 1,100,243    
Other receivables and deposits 101,036    
Cash and cash equivalents 1,132    
Total assets 1,202,411    
Liabilities      
Accrued expenses and other payables 1,736,068    
Total liabilities 1,736,068    
Net assets acquired (533,657)    
Cash consideration 105,006    
Goodwill 377,171 $ 377,171 $ 0
Cash consideration paid 105,006    
Less: cash acquired from the transaction (1,132)    
Net cash used in acquisition 103,874    
Taizhou Haitai Motor Vehicle Inspection Co, Ltd. | Shanghai Yuguang Automobile Inspection Technology Co Ltd      
Liabilities      
Net assets acquired $ (272,165)