v2.4.0.6

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Feb. 29, 2012	Feb. 28, 2011	Feb. 29, 2012	Feb. 28, 2011
Revenues, net	$ 11,268,804	$ 13,359,930	$ 33,471,067	$ 37,753,217
Cost of revenue (inclusive of depreciation and amortization)	7,366,419	8,753,182	22,120,626	25,367,854
Gross profit	3,902,385	4,606,748	11,350,441	12,385,363
Operating expenses:
Sales and marketing	41,624	47,493	122,663	116,266
Research and development	33,798	33,838	101,470	87,285
General and administrative	529,005	858,580	1,379,469	3,454,394
Total operating expenses	604,427	939,911	1,603,602	3,657,945
INCOME FROM OPERATIONS	3,297,958	3,666,837	9,746,839	8,727,418
Other income:
Subsidy income		291		44,722
Interest income	20,550	14,240	54,111	38,091
INCOME BEFORE INCOME TAXES	3,318,508	3,681,368	9,800,950	8,810,231
Income tax expense	(869,765)	(1,021,688)	(2,535,309)	(2,779,817)
NET INCOME	2,448,743	2,659,680	7,265,641	6,030,414
Other comprehensive income:
- Foreign currency translation gain	678,626	650,847	1,719,103	1,702,407
COMPREHENSIVE INCOME	$ 3,127,369	$ 3,310,527	$ 8,984,744	$ 7,732,821
Net income per share - Basic and diluted	$ 0.04	$ 0.05	$ 0.13	$ 0.11
Weighted average common stock outstanding - Basic and diluted	55,998,685	55,639,638	55,974,964	54,693,341

Weighted Average Number of Shares Outstanding where Basic and Diluted are the same and reported as a single line

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