XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Feb. 29, 2012
May 31, 2011
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 79,889 $ 275,716
Investment in marketable securities    900
Accounts receivable - trade 386,505 390,424
Note receivable - related party 0 100,000
Note receivable 21,000 0
Accrued interest receivable 0 8,186
Prepaid expenses 3,000 0
TOTAL CURRENT ASSETS 490,394 775,226
PROPERTY AND EQUIPMENT, NET 698,494 738,336
TOTAL PROPERTY AND EQUIPMENT 698,494 738,336
Security deposits 65,596 64,208
Websites 2,595,280 0
Deferred tax asset 298,000 485,000
TOTAL OTHER ASSETS 2,958,876 549,208
TOTAL ASSETS 4,147,764 2,062,770
Accounts payable 0 189,124
Accrued expenses 73,606 55,865
Treasury stock payable 300,000 700,000
Deferred income taxes 97,000 97,000
Loan payable - officer 800 800
TOTAL CURRENT LIABILITIES 471,406 1,042,789
Note payable 1,685,000 0
TOTAL LONG TERM LIABILITIES 1,685,000 0
TOTAL LIABILITIES 2,156,406 1,042,789
Common stock, $.00001 par value, 100,000,000 shares authorized, 18,225,173 and 26,232,280 shares issued and outstanding at February 29, 2012 and May 31, 2011, respectively 182 262
Preferred stock, $.00001 par value, 100,000,000 shares authorized, 0 shares issued and outstanding 0 0
Additional paid-in-capital 2,514,468 2,875,916
Treasury stock (14,614) (1,003,029)
Cumulative translation adjustment (87,007) (83,175)
Unrealized gain (loss) on investments (20,013) (19,113)
Retained earnings (deficit) (401,658) (750,880)
TOTAL STOCKHOLDERS EQUITY 1,991,358 1,019,981
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 4,147,764 $ 2,062,770