INCOME TAXES

9 Months Ended

Feb. 29, 2012

INCOME TAXES [Text Block]

NOTE 6 – INCOME TAXES

As of February 29, 2012, the Company had net operating loss carry forwards of approximately $2,214,541 that may be available to reduce future years’ taxable income and will expire beginning in 2030. Availability of loss usage is subject to change of ownership limitations under Internal Revenue Code 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the future tax loss carry-forwards.