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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Cash flows from operating activities    
Net income (loss) $ 5,322,236 $ 9,393,023
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Loss from property, plant and equipment disposal 0 8,877
Bad debt expenses 159,655 0
Depreciation 792,117 873,212
Shares issued for compensation 845,000 393,950
Stock option expenses 492,085 347,923
Changes in operating liabilities and assets:    
Trade accounts receivable (14,979,855) (11,812,272)
Prepayments 789,984 (3,637,611)
Inventories (237,620) 56,639
Other receivables 821,849 311,844
Deferred tax assets 137,084 0
Trade accounts payable 6,515,549 2,710,530
Other payables 112,389 1,599,842
Accrued expenses 70,764 23,230
Tax payable 2,737,013 1,024,659
Net cash provided by (used in) operating activities 3,578,250 1,293,846
Cash flows from investing activities:    
Property, plant, and equipment additions (4,336,823) (336,332)
Property, plant, and equipment disposal 0 37,135
Payments to related party receivable 0 (93,000)
Proceeds from related party receivable 0 31,751
Net cash provided by (used in) investing activities (4,336,823) (360,446)
Cash flows from financing activities:    
Cash contributed by non controlling interest of Laoting 908,599 0
Restricted cash 10,567 76,680
Proceeds from Bank loan payable and capital lease obligations 6,074 31,111
Payment to Bank loan payable and capital lease obligations 0 (1,902,024)
Proceeds from related party payable 0 540,894
Payments to related party payable (16,927) 0
Net cash provided by (used in) financing activities 908,313 (1,253,339)
Effect of rate changes on cash 3,471 20,530
Net Increase (decrease) of cash and cash equivalents 153,211 (299,409)
Cash and cash equivalents-beginning of year 136,702 1,102,879
Cash and cash equivalents-end of period 289,913 803,470
Supplementary cash flow information:    
Interest paid in cash 1,637 102,044
Income taxes paid in cash 0 0
Non-cash investing activities:    
Acquisition of property, plant and equipment through other payable 3,312 0
Disposal of property, plant and equipment through long-term investment and accounts payable 1,038,629 0
Related party receivable offset by payable to related party payable $ (272,690) $ 0