LINE OF CREDIT	3 Months Ended
Aug. 31, 2011
LINE OF CREDIT	NOTE 9. LINE OF CREDIT In June 2010, Black Rock entered into a three year line of credit (“LOC”) with FSB. The LOC has a maximum draw amount of approximately $3,475,000, and is secured by a first security lien against the Villarreal, Frost Bank, Resendez and La Duquesa properties (“Black Rock Collateral”) (see Note 3), Cross Border shares (see Note 4) and additional property owned by a related party and guarantor. The LOC bears interest at the bank's reference rate plus 275 basis points, which as of August 31, 2011 was 6.039% in total. The LOC is payable on demand, however if no demand is made, principal payments of $1 million and $1.1 million are required after the first and second years, respectively, and the loan is due in full at maturity. In addition to a security interest in the Black Rock Collateral, Alan Barksdale and the managing member of a shareholder of the Company have personally guaranteed the LOC. In addition, the managing member of a shareholder of the Company has also provided a mortgage in favor of FSB on certain property owned by the managing member of a shareholder of the Company as additional collateral. In June 2010, Black Rock borrowed approximately $3,400,000 to fund the purchase price of the Villarreal property plus make its first capital call on the property. The Company borrowed an additional $351,000 in November 2010 to fund additional capital calls. As of August 31, 2011, the outstanding balance of the LOC was $1,695,626 and the Company was in compliance with the covenants related to the loan. As part of the LOC agreement with FSB, the Company entered into a lock box arrangement to further secure the credit facility for the bank, in the event the Company failed to timely meet its repayment obligations. Under accounting standards, borrowings outstanding under a revolving credit agreement that includes both a subjective acceleration clause and a requirement to maintain a lock-box arrangement shall be considered short-term obligations.

NOTE 9. LINE OF CREDIT

In June 2010, Black Rock entered into a three year line of credit (“LOC”) with FSB. The LOC has a maximum draw amount of approximately $3,475,000, and is secured by a first security lien against the Villarreal, Frost Bank, Resendez and La Duquesa properties (“Black Rock Collateral”) (see Note 3), Cross Border shares (see Note 4) and additional property owned by a related party and guarantor. The LOC bears interest at the bank's reference rate plus 275 basis points, which as of August 31, 2011 was 6.039% in total. The LOC is payable on demand, however if no demand is made, principal payments of $1 million and $1.1 million are required after the first and second years, respectively, and the loan is due in full at maturity. In addition to a security interest in the Black Rock Collateral, Alan Barksdale and the managing member of a shareholder of the Company have personally guaranteed the LOC. In addition, the managing member of a shareholder of the Company has also provided a mortgage in favor of FSB on certain property owned by the managing member of a shareholder of the Company as additional collateral.

In June 2010, Black Rock borrowed approximately $3,400,000 to fund the purchase price of the Villarreal property plus make its first capital call on the property. The Company borrowed an additional $351,000 in November 2010 to fund additional capital calls. As of August 31, 2011, the outstanding balance of the LOC was $1,695,626 and the Company was in compliance with the covenants related to the loan. As part of the LOC agreement with FSB, the Company entered into a lock box arrangement to further secure the credit facility for the bank, in the event the Company failed to timely meet its repayment obligations. Under accounting standards, borrowings outstanding under a revolving credit agreement that includes both a subjective acceleration clause and a requirement to maintain a lock-box arrangement shall be considered short-term obligations.