v2.4.1.9
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Nov. 30, 2015
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
Such securities, shown below, presented on a common share equivalent basis and outstanding as of November 30, 2015 and 2014 have been excluded from the per share computations, since its inclusion would be anti-dilutive:
 
 
 
For the Six Months Ended
 
 
 
November 30,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
Convertible bonds - Series A
 
 
17,500
 
 
55,761
 
Convertible bonds - Series B
 
 
89,062
 
 
83,312
 
Convertible promissory notes
 
 
895,159
 
 
57,202
 
Convertible preferred shares
 
 
216,191
 
 
-
 
Warrants
 
 
1,637,903
 
 
1,091,672
 
Options
 
 
330,000
 
 
242,500
 
Total
 
 
3,185,815
 
 
1,530,447
 
Property Plant And Equipment Estimated Useful Lives [Table Text Block]
Property and equipment are stated at cost. Depreciation is computed on the straight-line method. The depreciation and amortization methods are designed to amortize the cost of the assets over their estimated useful lives, in years, of the respective assets as follows:
 
Computers
 
3-5 years
 
Computer equipment
 
3-5 years
 
Network equipment
 
3-5 years
 
Software
 
3-5 years
 
Office equipment
 
3-7 years
 
Furniture and fixtures
 
3-7 years
 
Leasehold improvements
 
3-5 years