XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Feb. 29, 2012
Feb. 28, 2011
Net sales $ 1,514,673 $ 1,345,900 $ 4,538,944 $ 3,684,454
Cost of sales (947,830) (846,421) (2,788,276) (2,495,650)
Gross profit 566,843 499,479 1,750,668 1,188,804
Operating Expenses:        
Selling, general and administrative 337,580 329,456 1,038,930 990,654
Research and development 94,770 97,008 266,258 314,980
Total Operating Expenses 432,350 426,464 1,305,188 1,305,634
Income (loss) from operations 134,493 73,015 445,480 (116,830)
Other Income (Expense):        
Gain on insurance proceeds 68,106 0 68,106 0
Dividend and interest income 4,591 1,733 7,370 5,685
Interest expense (171) (1,345) (1,113) (5,106)
Other income, net 0 0 60 177,605
Total Other Income (Expense) 72,526 388 74,423 178,184
Income before income tax 207,019 73,403 519,903 61,354
Income tax expense (25,574) 0 (25,574) 0
Net income 181,445 73,403 494,329 61,354
Basic net income per common share $ 0.03 $ 0.01 $ 0.07 $ 0.01
Diluted net income per common share $ 0.03 $ 0.01 $ 0.07 $ 0.01
Weighted average number of common and Common Equivalent Shares:        
Basic 6,877,954 6,660,839 6,871,532 6,660,839
Diluted 7,125,560 6,691,475 7,046,458 6,694,375
Net income 181,445 73,403 494,329 61,354
Other comprehensive income (loss), net of tax:        
Foreign currency translation 95 (308) (1,528) (1,013)
Comprehensive income $ 181,540 $ 73,095 $ 492,801 $ 60,341