v3.2.0.727

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)	May. 31, 2015	May. 31, 2014	May. 31, 2013
CURRENT ASSETS
Cash and Cash Equivalents	$ 288,880	$ 7,417	$ 17,120
Marketable Securities	22,263	68,875	115,791
Total Prepaid Insurance	13,398	16,500	16,240
Total Current Assets	324,541	92,792	149,151
Fixed Assets
Interest in Mining Properties	100,000	100,000	100,000
Deposits	60	60	60
Total Assets	424,601	192,852	249,211
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable	302,288	325,263	68,844
TOTAL LIABILITIES	302,288	325,263	68,844
STOCKHOLDERS' EQUITY
Common Stock $.01 Par Value, Authorized 10,000,000 Shares 6,012,361 Shares issued including shares in Treasury	60,124	60,124	60,124
Paid-In Capital in excess of Par	83,810	83,810	83,810
Retained earnings	(37,936)	(311,625)	12,019
Accumulated Other Comprehensive Income	16,420	35,385	24,519
Treasury Stock	(105)	(105)	(105)
TOTAL SHAREHOLDERS' EQUITY	122,313	(132,411)	180,367
TOTAL LIABILITIES & SHAREHOLDERS' EQUITY	$ 424,601	$ 192,852	$ 249,211

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.15(a))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

EXCALIBUR INDUSTRIES 10-K