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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
May 31, 2020
Accounting Policies [Abstract]  
Schedule of Inventory, Current [Table Text Block]

 

2020

 

2019

Raw materials

 

$

1,635,000

  

$

1,208,000

Work in progress

 

 

   988,000

 

 

   771,000

Finished products

 

 

   228,000

 

 

   172,000

Total

 

$

2,851,000

 

$

2,151,000

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

2020

 

2019

Dividend yield

 

                    0%

 

0%

Expected volatility

 55.52-72.62%

57.90-60.41%

Risk free interest rate

 

  0.43-1.80%

 

2.33-2.85%

Expected life

3.75-6.25 years

3.75-6.25 years

Disaggregation of Revenue [Table Text Block]

Year Ended

   

May 31, 2020

May 31, 2019

Clinical Lab

 

$

2,922,425

 

$

4,043,993

OTC

1,269,535

868,605

Physicians’ Office

 

 

2,194,991

 

 

170,871

Contract Manufacturing

 

305,760

 

117,213

Total

 

$

6,692,711

 

$

5,200,682