XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
Nov. 30, 2012
Nov. 30, 2011
Net sales $ 1,883,771 $ 1,616,606 $ 3,585,719 $ 3,024,271
Cost of sales (1,114,560) (949,202) (2,084,259) (1,840,446)
Gross profit 769,211 667,404 1,501,460 1,183,825
Operating Expenses:        
Selling, general and administrative 405,968 387,767 738,094 701,351
Research and development 115,741 85,551 203,722 171,487
Total operating expenses 521,709 473,318 941,816 872,838
Income from operations 247,502 194,086 559,644 310,987
Other Income (Expense):        
Dividend and interest income 1,127 1,316 2,243 2,780
Interest expense   (370) (308) (943)
Other Income   60   60
Total other income 1,127 1,006 1,935 1,897
Income before income tax 248,629 195,092 561,579 312,884
Provision for income taxes (11,710)   (33,029)  
Net income 236,919 195,092 528,550 312,884
Basic net income per common share (in Dollars per share) $ 0.03 $ 0.03 $ 0.08 $ 0.05
Diluted net income per common share (in Dollars per share) $ 0.03 $ 0.03 $ 0.07 $ 0.05
Weighted average number of common and common equivalent shares:        
Basic (in Shares) 6,966,185 6,868,339 6,959,224 6,868,339
Diluted (in Shares) 7,385,139 6,920,296 7,282,202 6,908,380
Net income 236,919 195,092 528,550 312,884
Other comprehensive loss, net of tax:        
Foreign currency translation (473) (1,183) (554) (1,623)
Comprehensive income $ 236,446 $ 193,909 $ 527,996 $ 311,261