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CASH AND CASH EQUIVALENTS
3 Months Ended
Aug. 31, 2014
CASH AND CASH EQUIVALENTS  
CASH AND CASH EQUIVALENTS

NOTE 3. CASH AND CASH EQUIVALENTS

 

Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. As of August 31, 2014, the Company had no cash equivalents. The Company's cash balance is with local and national banking institutions and subjected to current FDIC insurance limits of $250,000 per banking institution. As of August 31, 2014 and 2013, the Company bank balances in the bank account did not exceed the insured amount.