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NOTE 3: PROPERTY AND EQUIPMENT
3 Months Ended
Nov. 30, 2011
Notes to Financial Statements  
NOTE 3: PROPERTY AND EQUIPMENT

Property and equipment consisted of the following as of November 30, 2011 and May 31, 2011:

 

    November 30, 2011   May 31, 2011
Office furniture and equipment   $ 287,010     $ 272,574  
Software     13,699       13,699  
Leasehold improvements     636,937       636,937  
Sub-total     937,646       923,210  
Less: Accumulated depreciation     (220,902 )     (184,874 )
Total Property and Equipment   $ 716,744     $ 738,336  

 

Depreciation expense was $36,028 and $29,305 for the six months ended November 30, 2011 and 2010, respectively.