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CONSOLIDATED BALANCE SHEETS (USD $)
Aug. 31, 2011
May 31, 2011
Current Assets  
Cash and cash equivalents$ 1,020,655$ 989,270
Accounts receivable, net865,372[1]747,075[2]
Inventories, net1,735,0591,785,525
Prepaid expenses and other130,628237,563
Deferred tax assets, current portion127,000127,000
Total Current Assets3,878,7143,886,433
Property and Equipment, net of accumulated depreciation and amortization570,861567,323
Deferred Tax Assets, net of current portion111,000111,000
Investments165,324165,324
Intangible Assets, net195,297177,410
Other Assets50,07947,888
Total Assets4,971,2754,955,378
Current Liabilities  
Accounts payable and accrued expenses388,020451,569
Accrued compensation111,876138,056
Loan for equipment purchase-current23,66435,390
Total Current Liabilities523,560625,015
Commitments and Contingencies  
Shareholders' Equity  
Preferred stock [3] [4]
Common stock549,466[5]549,466[6]
Additional paid-in-capital17,643,12117,643,121
Accumulated other comprehensive loss(4,900)(4,460)
Accumulated deficit(13,739,972)(13,857,764)
Total Shareholders' Equity4,447,7154,330,363
Total Liabilities and Shareholders' Equity$ 4,971,275$ 4,955,378
[1]Allowance for doubtful accounts of $53,725 as of August 31, 2011
[2]Allowance for doubtful accounts of $32,204 as of May 31, 2011
[3]No par value authorized 5,000,000 shares, issued and none outstanding at August 31, 2011.
[4]No par value authorized 5,000,000 shares, issued and none outstanding at May 31, 2011
[5]$0.08 par value authorized 25,000,000 shares, issued and outstanding 6,868,339 at August 31, 2011
[6]$0.08 par value authorized 25,000,000 shares, issued and outstanding 6,868,339 at May 31, 2011