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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 30, 2024
May 31, 2024
Current Assets:    
Cash and cash equivalents $ 2,372,000 $ 4,170,000
Accounts receivable, net 1,326,000 947,000
Inventories, net 1,789,000 2,376,000
Prepaid expenses and other 458,000 238,000
Total current assets 5,945,000 7,731,000
Property and equipment, net of accumulated depreciation and amortization of $1,428,000 and $1,394,000 as of November 30, 2024 and May 31, 2024, respectively 167,000 201,000
Right-of-use assets, net of accumulated amortization of $1,064,000 and $910,000 as of November 30, 2024 and May 31, 2024, respectively 588,000 742,000
Investments 165,000 165,000
Intangible assets, net of accumulated amortization of $57,000 and $49,000 as of November 30, 2024 and May 31, 2024, respectively 236,000 212,000
Other assets 173,000 203,000
Total Assets 7,274,000 9,254,000
Current Liabilities:    
Accounts payable and accrued expenses 848,000 1,138,000
Accrued compensation 601,000 655,000
Advances from customers 85,000 85,000
Lease liabilities, current portion 342,000 326,000
Total current liabilities 1,876,000 2,204,000
Lease liabilities, net of current portion 284,000 459,000
Total Liabilities 2,160,000 2,663,000
Commitments and contingencies (Note 6)
Shareholders’ Equity:    
Preferred stock value
Common stock, $0.08 par value, 25,000,000 shares authorized, 18,336,994 and 16,821,646 issued and outstanding at November 30, 2024 and May 31, 2024, respectively 1,467,000 1,346,000
Additional paid-in-capital 54,220,000 53,542,000
Accumulated other comprehensive loss (112,000) (102,000)
Accumulated deficit (50,461,000) (48,195,000)
Total Shareholders’ Equity 5,114,000 6,591,000
Total Liabilities and Shareholders’ Equity 7,274,000 9,254,000
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value