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EXCEL - IDEA: XBRL DOCUMENT - Artisanal Brands, Inc.Financial_Report.xls
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v2.4.0.6
Consolidated Statements of Operations (USD $)
12 Months Ended
May 31, 2012
May 31, 2011
SALES $ 3,563,144 $ 4,634,359
COST OF GOODS SOLD 2,816,209 3,369,178
GROSS PROFIT 746,935 1,265,181
SELLING, GENERAL AND ADMINISTRATIVE 3,292,041 3,083,952
ONE-TIME OPTION EXPENSE 976,628  
DEPRECIATION AND AMORTIZATION 151,820 228,639
LOSS FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST (3,673,554) (2,047,410)
OTHER INCOME( EXPENSES):    
Interest income (expense) and other income (636,555) (492,257)
LOSS FROM OPERATIONS BEFORE INCOME TAXES (4,310,109) (2,539,667)
INCOME TAXES 0 0
NET LOSS (4,310,109) (2,539,667)
NET LOSS APPLICABLE TO COMMON SHARES $ (4,310,109) $ (2,539,667)
LOSS APPLICABLE PER COMMON SHARE    
Basic (in Dollars per share) $ (0.17) $ (0.11)
Diluted (in Dollars per share) $ (0.17) $ (0.11)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
basic (in Shares) 25,140,116 24,022,649
diluted (in Shares) 25,140,116 24,022,649