XML 14 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2018
May 31, 2018
Current Assets:    
Cash and cash equivalents $ 583,693 $ 1,204,903
Accounts receivable, less allowance for doubtful accounts of $63,392 and $57,695 as of August 31, 2018 and May 31, 2018,respectively 1,013,687 799,940
Inventories 2,208,457 2,178,777
Prepaid expenses and other 311,291 300,409
Total Current Assets 4,117,128 4,484,029
Property and Equipment, net of accumulated depreciation and amortization of $1,688,423 and $1,661,128 361,935 351,149
Deferred Tax Assets 10,000 10,000
Investments 165,324 165,324
Intangible Assets, net 104,782 98,923
Other Assets 116,534 113,157
Total Assets 4,875,703 5,222,582
Current Liabilities:    
Accounts payable and accrued expenses 582,976 686,956
Accrued compensation 214,556 209,852
Total Current Liabilities 797,532 896,808
Commitments and Contingencies (Note 6)
Shareholders' Equity:    
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at August 31, 2018 and May 31, 2018
Common stock, $0.08 par value authorized 25,000,000 shares, issued and outstanding 8,953,832 at August 31, 2018 and 8,888,011 at May 31, 2018 716,305 711,040
Additional paid-in-capital 21,034,686 20,843,550
Subscriptions receivable (9,062)
Accumulated other comprehensive loss (27,462) (26,136)
Accumulated deficit (17,645,358) (17,193,618)
Total Shareholders' Equity 4,078,171 4,325,774
Total Liabilities and Shareholders' Equity $ 4,875,703 $ 5,222,582