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Prepayments
6 Months Ended
Nov. 30, 2011
Prepayments [Abstract]  
Prepayments [Text Block]
9.  Prepayments

 

Prepayments consist of the long-term refundable performance bond, prepaid expenses, mainly prepaid rent expense, and the monies deposited with the suppliers for raw materials and capital lease lessor for lease payment. The total outstanding amount was $14,726,108 and $15,240,990 as of November 30, 2011 and May 31, 2011, respectively. There is no provision made for the prepayment at November 30, 2011 and May 31, 2011.

 

    November 30, 2011     May 31, 2011  
Advance to suppliers   $ 2,628,932     $ 8,561,700  
Prepaid expenses     8,898,330       2,769,473  
Performance bond     3,198,846       3,909,817  
    $ 14,726,109     $ 15,240,990