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1.Liquidity and Capital Resources:
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3 Months Ended | ||
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Aug. 31, 2011
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| Liquidity Disclosure [Policy Text Block] |
Cash
Flows — Cash flows used in operations for the
quarters ended August 31, 2011 and 2010 were $297,638 and
$214,680, respectively which was an increase over prior
quarters. Increased marketing costs, business line expansion,
and higher general and administrative costs due to expenses
related to the current ongoing process of becoming a publicly
traded company were the primary reasons for this
increase.
Capital
Resources — As of August 31, 2011, the Company
had cash and cash equivalents of $394,705 as compared to cash
and cash equivalents of $252,302 as of May 31, 2010.
Since
inception, the Company has primarily relied upon proceeds
from private placements of its equity securities to fund its
operations. The Company anticipates continuing to rely on
sales of our securities in order to continue to fund its
business operations. Issuances of additional shares will
result in dilution to its existing stockholders. There is no
assurance that the Company will be able to complete any
additional sales of our equity securities or that it will be
able arrange for other financing to fund our planned business
activities.
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