v2.4.1.9
BONDS - SERIES B (Tables) (Series B Convertible Bonds [Member])
6 Months Ended
Nov. 30, 2015
Series B Convertible Bonds [Member]
 
Bonds Payable [Table Text Block]
Bonds – Series B consisted of the following:
 
 
 
November 30, 2015
 
May 31, 2015
 
 
 
(Unaudited)
 
 
 
Beginning Balance – Principal
 
$
981,500
 
$
-
 
Proceeds
 
 
-
 
 
981,500
 
Payments
 
 
(100,000)
 
 
-
 
Debt discount for restricted stock and beneficial conversion – net of accumulated amortization of $223,894 and $153,793, respectively
 
 
-
 
 
(70,101)
 
Net balance
 
$
881,500
 
$
911,399