v2.4.1.9
BONDS - SERIES A (Tables) (Series A Convertible Bonds [Member])
6 Months Ended
Nov. 30, 2015
Series A Convertible Bonds [Member]
 
Bonds Payable [Table Text Block]
Bonds – Series A consisted of the following: 
 
 
 
November 30,
2015
 
May 31, 2015
 
 
 
(Unaudited)
 
 
 
Beginning Balance – Principal
 
$
175,000
 
$
2,998,500
 
Proceeds
 
 
-
 
 
1,060,000
 
Payments
 
 
-
 
 
(355,000)
 
Debt discount for restricted stock and beneficial conversion – net of accumulated amortization of $2,545,445 and $2,545,445, respectively
 
 
-
 
 
-
 
Conversions
 
 
-
 
 
(3,528,500)
 
Net balance
 
$
175,000
 
$
175,000