Cash and Cash Equivalents

3 Months Ended

Aug. 31, 2014

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of August 31, 2014 and May 31, 2014:

	August 31,  2014		May 31,  2014
Cash in banks	$	3,643,503	$	2,279,148
Money market funds		567,210		562,819
	$	4,210,713	$	2,841,967