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CONSOLIDATED STATEMENT OF INCOME, EXPENSE AND RETAINED EARNINGS FOR THE FISCAL QUARTERS ENDED - USD ($)
6 Months Ended
Nov. 30, 2015
Nov. 30, 2014
INCOME    
Royalty Income $ 358,888 $ 0
TOTAL INCOME 358,888 0
OPERATING EXPENSES    
General and administrative 69,881 65,159
Professional Services 118,493 1,336
Property, Payroll and Other Taxes 0 0
TOTAL OPERATING EXPENSES 188,374 66,495
OTHER INCOME (EXPENSE)    
Interest Expense 0 0
Interest and Dividend Income 45 1,121
Gain/(Loss) on Sale of Marketable Securities (98) (13,795)
TOTAL OTHER INCOME (53) (12,674)
NET INCOME/(LOSS) 170,461 (79,169)
Retained Earnings - Beginning of Period 134,029 (375,877)
Retained Earnings - End of Period $ 304,490 $ (455,046)
Average Shares Outstanding During Period 6,012,361 6,012,361
NET GAIN (LOSS) PER SHARE $ 0.02835 $ (0.07569)