XML 26 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
9 Months Ended
Feb. 29, 2012
Feb. 28, 2011
Cash flows from operating activities:    
Net income $ 494,329 $ 61,354
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 129,798 109,610
Stock option expense 29,956 18,982
Change in provision for losses on accounts receivable 37,106 (8,904)
Inventory reserve 2,692 (5,361)
Write-off of license-related intangible asset 0 13,982
Changes in assets and liabilities    
Accounts receivable (633,448) 33,580
Inventories (79,169) (39,409)
Prepaid expenses and other assets 54,516 63,753
Other assets (5,660) 21,579
Accounts payable and other accrued expenses 259 (125,990)
Accrued compensation 47,499 (77,288)
Income tax payable 25,256 0
Net cash provided by operating activities 103,134 65,888
Cash flows from investing activities:    
Increase in intangibles (50,000) (98,774)
Purchases of property and equipment (135,528) (83,695)
Net cash used in investing activities (185,528) (182,469)
Cash flows from financing activities:    
Proceeds from exercise of stock option 28,500 0
Payments on equipment loan (35,390) (33,550)
Net cash used in financing activities (6,890) (33,550)
Effect of exchange rate changes in cash (1,528) (1,013)
Net decrease in cash and cash equivalents (90,812) (151,144)
Cash and cash equivalents at beginning of period 989,270 1,055,206
Cash and cash equivalents at end of period 898,458 904,062
Supplemental Disclosure of Cash-Flow Information:    
Cash paid during the period for Interest $ 1,018 $ 4,917