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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2015
May. 31, 2015
Current Assets:    
Cash and cash equivalents $ 642,978 $ 1,088,307
Accounts receivable, less allowance for doubtful accounts of $8,815 and $17,468 as of November 30, 2015 and May 31, 2015, respectively 1,172,585 1,111,570
Inventories, net 2,237,394 2,027,372
Prepaid expenses and other 105,313 164,352
Total Current assets 4,158,270 4,391,601
Property and Equipment, net of accumulated depreciation and amortization of $1,346,477 and $1,267,617 as of November 30, 2015 and May 31, 2015, respectively 394,820 445,386
Deferred Tax Assets 873,000 744,000
Investments 165,324 165,324
Intangible Assets, net 284,692 321,304
Other Assets 65,891 56,838
Total Assets 5,941,997 6,124,453
Current Liabilities:    
Accounts payable and accrued expenses 315,834 392,139
Accrued compensation 153,253 131,794
Total Current liabilities $ 469,087 $ 523,933
Commitments and Contingencies (Note 6)
Shareholders' Equity:    
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at November 30, 2015 and May 31, 2015
Common stock, $0.08 par value authorized 25,000,000 shares, Issued and outstanding 7,590,237 and 7,566,714 at November 30, 2015 and May 31, 2015, respectively $ 607,217 $ 605,336
Additional paid-in-capital 18,337,868 18,326,890
Accumulated other comprehensive loss (13,630) (12,264)
Accumulated deficit (13,458,545) (13,319,442)
Total Shareholders' Equity 5,472,910 5,600,520
Total Liabilities and Shareholders' Equity $ 5,941,997 $ 6,124,453