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Fair Value Measurements and Derivative Liabiliity (Tables)
3 Months Ended
Aug. 31, 2014
Fair Value Measurements And Derivative Liabiliity Tables  
Recurring Fair Value Measurements

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as at August 31, 2014.

 

Recurring Fair Value Measurements   Level 1     Level 2     Level 3     Total  
                         
LIABILITIES:                        
Derivative liability- August 31, 2014     -       -       1,941,872       1,941,872  
Derivative liability- May 31, 2014     -       -       1,748,982       1,748,982