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Consolidated Condensed Statements of Operations - USD ($)
12 Months Ended
May 31, 2014
May 31, 2013
Revenues    
Investment advisory services $ 153,635 $ 178,328
Insurance premiums and commissions 859,717 877,010
Net investment income 226,192 230,373
Net realized investment gains (losses) (45,206) 43,238
Other income 75,568 15,706
Total Revenues 1,269,906 1,344,655
Operating Expenses:    
Incurred policy losses 161,181 181,414
Insurance policy acquisition costs 260,668 267,587
General and administrative 1,272,818 1,330,234
Mutual fund costs
Depreciation 6,984 10,685
Total Operating Expenses 1,701,651 1,789,920
Net Income (Loss) from Operations (431,745) (445,265)
Gain on debt extinguishment
Accrued dividends of Series A Mandatorily Redeemable Preferred Stock (60,204) (57,855)
Accrued dividends and accretion of Series B Mandatorily Redeemable Preferred Stock (411,583) (380,239)
Interest expense (944,180) (1,073,338)
Net Income (Loss) (1,847,712) (1,956,697)
Accretion of Mandatorily Redeemable Convertible Preferred Stock, including accrued dividends (77,811) (74,774)
Accrued dividends on Series C Preferred Stock equity (990,788) (915,335)
Net Income (Loss) Attributable to Common Stockholders $ (2,916,311) $ (2,946,806)
Basic and Dilutive Net Income (Loss) Per Share:    
Net Income (Loss) Per Share $ (0.01) $ (0.01)
Weighted-Average Shares Outstanding 335,710,079 297,316,429