XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities:    
Net loss $ (2,667,855) $ (3,610,492)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 68,668 64,435
Change in allowance on accounts receivable (809,638) 410,161
Inventory reserve 181,825 11,943
Stock option expense 634,019 500,140
Amortization of right-of-use asset 126,039 115,025
Changes in assets and liabilities:    
Accounts receivable 1,139,450 (256,059)
Inventories 42,229 (1,359,320)
Prepaid expenses and other (726,460) 1,055,946
Reduction in lease liability (117,321) (102,677)
Other assets 114,570 (94,085)
Accounts payable and accrued expenses 997,327 271,386
Accrued compensation 285,431 113,379
Advance from customers 2,150,466
Net cash provided by (used in) operating activities 1,418,750 (2,880,218)
Cash flows from investing activities:    
Increase in intangibles (108,917) (61,536)
Purchases of property and equipment (18,212) (61,566)
Net cash used in investing activities (127,129) (123,102)
Cash flows from financing activities:    
Proceeds from sale of common stock, net 1,684,123
Proceeds from exercise of stock options 34,480 49,330
Net cash provided by financing activities 1,718,603 49,330
Effect of exchange rate changes in cash (10,363) (3,250)
Net increase (decrease) in cash and cash equivalents 2,999,861 (2,957,240)
Cash and cash equivalents at beginning of period 4,199,311 8,641,027
Cash and cash equivalents at end of period 7,199,172 5,683,787
Cash paid during the period for:    
Income taxes $ 10,646 $ 11,735