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EXCEL - IDEA: XBRL DOCUMENT - Artisanal Brands, Inc.Financial_Report.xls
10-K - FORM 10-Q - Artisanal Brands, Inc.ahfp_10k-053112.htm
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EX-32.1 - EXHIBIT 32.1 - Artisanal Brands, Inc.ex32-1.htm
EX-31.2 - EXHIBIT 31.2 - Artisanal Brands, Inc.ex31-2.htm
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EX-10.38 - EXHIBIT 10.38 - Artisanal Brands, Inc.ex10-38.htm
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Note 16 - Subsequent Events
12 Months Ended
May 31, 2012
Subsequent Events [Text Block]
16.           SUBSEQUENT EVENTS

On April 13, 2012, the Company filed with the SEC a registration statement on Form S-1 for the purpose of raising up to $8 million through the sale of up to 16 million shares of its common stock.  The registration statement became effective on June 6, 2012.  As of the date of this filing, approximately $282,500 has been raised and 141,250 shares issued.

In October 2012, two private lenders agreed to loan to the Company a total of $1,700,000 secured and to be paid down by using the Company's credit card receipts for online purchases.  The loan bears interest of 6% p.a. and matures on October 14, 2014.  The lenders each received one share of the Company's common stock for each dollar they loaned, respectively.  The proceeds are being used to pay down tax liabilities and for operating capital.