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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Nov. 30, 2012
May 31, 2012
Current Assets:    
Cash and cash equivalents $ 1,194,369 $ 1,077,342
Accounts receivable 1,509,664 [1] 1,200,516 [2]
Inventories, net 1,800,104 1,821,072
Prepaid expenses and other 161,287 210,700
Deferred tax assets, current portion 177,000 177,000
Total current assets 4,842,424 4,486,630
Property and Equipment, net of accumulated depreciation and amortization 733,977 [3] 584,824 [4]
Deferred Tax Assets, net of current portion 61,000 61,000
Investments 165,324 165,324
Intangible Assets, net 177,024 194,583
Other Assets 78,561 78,561
Total Assets 6,058,310 5,570,922
Current Liabilities:    
Accounts payable and accrued expenses 333,222 362,447
Accrued compensation 212,459 186,841
Line of credit   43,000
Total Current Liabilities 545,681 592,288
Commitments and Contingencies      
Shareholders' Equity:    
Preferred stock    [5]    [6]
Common stock 557,786 [7] 556,186 [8]
Additional paid-in capital 17,742,206 17,737,807
Accumulated other comprehensive loss (6,584) (6,030)
Accumulated deficit (12,780,779) (13,309,329)
Total Shareholders' Equity 5,512,629 4,978,634
Total Liabilities and Shareholders' Equity $ 6,058,310 $ 5,570,922
[1] less allowance for doubtful accounts of $117,401 of November 30, 2012 .
[2] less allowance for doubtful accounts of $113,191 as of May 31, 2012 .
[3] net of accumulated depreciation and amortization of $937,947 as of November 30, 2012 .
[4] net of accumulated depreciation and amortization of $712,176 as of May 31, 2012.
[5] no par value authorized 5,000,000 shares, none issued and none outstanding at November 30, 2012.
[6] no par value authorized 5,000,000 shares, none issued and none outstanding at May 31, 2012.
[7] $0.08 par value authorized 25,000,000 shares, issued and outstanding 6,972,339 at November 30, 2012.
[8] $0.08 par value authorized 25,000,000 shares, issued and outstanding 6,952,339 at May 31, 2012.