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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2022
May 31, 2021
Current Assets:    
Cash and cash equivalents $ 10,173,808 $ 4,199,311
Accounts receivable, less allowance for doubtful accounts of $20,293 and $837,415 as of February 28, 2022 and May 31, 2021, respectively 1,158,738 1,455,051
Inventories, net 3,231,430 3,206,255
Prepaid expenses and other 667,129 370,290
Total current assets 15,231,105 9,230,907
Property and equipment, net of accumulated depreciation and amortization of $2,046,612 and $1,972,357 as of February 28, 2022 and May 31, 2021, respectively 263,048 310,520
Right of use assets, net of accumulated amortization of $658,773 and $469,077 as of February 28, 2022 and May 31, 2021, respectively 1,367,863 1,553,081
Investments 165,324 165,324
Intangible assets, net of accumulated amortization of $49,253 and $126,769 as of February 28, 2022 and May 31, 2021, respectively 386,013 294,830
Other assets 146,980 264,151
Total Assets 17,560,333 11,818,813
Current Liabilities:    
Accounts payable and accrued expenses 2,608,840 583,380
Accrued compensation 537,284 388,896
Advances from customers 3,213,052
Lease liability, current portion 338,744 327,944
Total current liabilities 6,697,920 1,300,220
Lease liability, net of current portion 1,104,611 1,291,570
Total Liabilities 7,802,531 2,591,790
Commitments and contingencies (Notes 1 and 6)
Shareholders' Equity:    
Preferred stock, Series A 5% convertible, $0.08 par value, 571,429 shares authorized, none issued and outstanding as of February 28, 2022 and May 31, 2021
Preferred stock, undesignated, no par value, 4,428,571 shares authorized, none issued and outstanding as of February 28, 2022 and May 31, 2021
Common stock, $0.08 par value, 25,000,000 shares authorized, 12,851,924 and 12,307,157 issued and outstanding at February 28, 2022 and May 31, 2021, respectively 1,028,152 984,571
Additional paid-in-capital 42,108,865 38,836,743
Accumulated other comprehensive loss (60,857) (47,956)
Accumulated deficit (33,318,358) (30,546,335)
Total Shareholders' Equity 9,757,802 9,227,023
Total Liabilities and Shareholders' Equity 17,560,333 11,818,813
5% Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]    
Shareholders' Equity:    
Preferred stock, Series A 5% convertible, $0.08 par value, 571,429 shares authorized, none issued and outstanding as of February 28, 2022 and May 31, 2021
Preferred stock, undesignated, no par value, 4,428,571 shares authorized, none issued and outstanding as of February 28, 2022 and May 31, 2021