NOTE 9 - INCOME TAXES

6 Months Ended

Nov. 30, 2014

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 9 – INCOME TAXES

The Company recognizes deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement and income tax purposes under enacted tax laws and rates.

The tax effects of temporary differences that give rise to deferred tax assets are presented below:

	November 30			May 31,
	2014			2014
Statutory tax rate (including state tax)		40.0	%		40.0	%
Valuation allowance		(40.0	%)		(40.0	%)
Income tax provision		0	%		0	%

Components of the Company's deferred tax liabilities and assets are as follows:

	November 30			May 31,
	2014			2014
Deferred tax asset	$	1,303,710		$	1,015,897
Valuation allowance		(1,303,710	)		(1,015,897	)
Deferred tax asset net of valuation allowance	$	-		$	-