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5. DEFERRED LICENSE FEES	12 Months Ended
5. DEFERRED LICENSE FEES	May 31, 2014
Notes to Financial Statements
5. DEFERRED LICENSE FEES	The deferred license fees stated on the balance sheet relate to license fees received from the Company's licensees in Canada, Europe and Korea, which are being amortized straight-line over the term of the license agreements. The Korean licensee continues to seek regulatory approval for the Company’s product pursuant to the terms of the agreement but it is unclear if this process will be completed prior to the termination of the agreement in December 2014.