Annual report pursuant to Section 13 and 15(d)

Note 6 - Fair Value of Financial Instruments (Tables)

v2.4.0.8
Note 6 - Fair Value of Financial Instruments (Tables)
 12 Months Ended
May 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The following table provides a summary of the fair values of assets and liabilities:

           
Fair Value Measurements at
 
   
Carrying
                     
   
Value
 
Balance
                 
   
May 31, 2014
 
May 31, 2014
 
Level 1
   
Level 2
   
Level 3
 
                                     
Assets
 
$
-
 
$
-
 
$
-
   
$
-
   
$
-
 
           
Fair Value Measurements at
 
   
Carrying
                     
   
Value
 
Balance
                 
   
May 31, 2014
 
May 31, 2014
 
Level 1
   
Level 2
   
Level 3
 
                                     
Liabilities
 
$
9,675
 
$
9,675
 
$
-
   
$
9,675
   
$
-
 
           
Fair Value Measurements at
 
   
Carrying
                     
   
Value
 
Balance
                 
   
May 31, 2013
 
May 31, 2013
 
Level 1
   
Level 2
   
Level 3
 
                                     
Assets
 
$
-
 
$
-
 
$
-
   
$
-
   
$
-
 
           
Fair Value Measurements at
 
   
Carrying
                     
   
Value
 
Balance
                 
   
May 31, 2013
 
May 31, 2013
 
Level 1
   
Level 2
   
Level 3
 
                                     
Liabilities
 
$
-
 
$
-
 
$
-
   
$
-
   
$
-