v3.5.0.2

CONSOLIDATED STATEMENT OF INCOME, EXPENSE AND RETAINED EARNINGS FOR THE FISCAL QUARTERS ENDED - USD ($)	12 Months Ended
	May 31, 2016	May 31, 2015	May 31, 2014
INCOME
Royalty Income	$ 1,252,755	$ 1,433,761	$ 949,025
TOTAL INCOME	1,252,755	1,433,761	949,025
OPERATING EXPENSES
General and administrative	317,831	303,999	620,715
Professional Services	187,500	46,703	102,690
TOTAL OPERATING EXPENSES	505,331	350,702	723,405
OTHER INCOME (EXPENSE)
Interest Expense	0	0	0
Interest and Dividend Income	966	3,080	7,408
Gain/(Loss) on Sale of Marketable Securities	(1,502)	4,905	(3,943)
TOTAL OTHER INCOME	(536)	7,985	3,465
INCOME /(LOSS) BEFORE INCOME TAXES	746,888	1,091,044	229,085
Provision for Income Taxes	0	100	444
NET INCOME/(LOSS)	746,888	1,090,944	228,641
Retained Earnings - Beginning of Period	(398,743)	(1,489,687)	(1,718,328)
Retained Earnings - End of Period	$ 348,145	$ (398,743)	$ (1,489,687)
Average Shares Outstanding During Period	6,012,361	6,012,361	6,012,361
NET GAIN (LOSS) PER SHARE	$ 0.12423	$ 0.18145	$ 0.03803

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

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