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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2023
May 31, 2022
Current Assets:    
Cash and cash equivalents $ 3,345,212 $ 5,916,983
Accounts receivable, less allowance for doubtful accounts of $17,432 and $153,231 as of Feburary 28, 2023 and May 31, 2022, respectively 754,559 773,818
Inventories, net of inventory reserves of $807,576 and $845,549 as of Feburary 28, 2023 and May 31, 2022, respectively 2,064,152 2,416,447
Prepaid expenses and other 318,448 320,283
Total current assets 6,482,371 9,427,531
Property and equipment, net of accumulated depreciation and amortization of $1,316,268 and $1,305,360 as of Feburary 28, 2023 and May 31, 2022, respectively 227,589 214,487
Right of use assets, net of accumulated amortization of $927,077 and $724,802 as of Feburary 28, 2023 and May 31, 2022, respectively 1,101,648 1,301,834
Investments 165,324 165,324
Intangible assets, net of accumulated amortization of $27,383 and $18,994 as of Feburary 28, 2023 and May 31, 2022, respectively 154,638 169,516
Other assets 78,598 95,588
Total Assets 8,210,168 11,374,280
Current Liabilities:    
Accounts payable and accrued expenses 387,228 972,372
Accrued compensation 520,457 646,944
Advance from customers 138,013 50,670
Lease liability, current portion 349,410 341,296
Total current liabilities 1,395,108 2,011,282
Lease liability, net of current portion 828,944 1,038,284
Total Liabilities 2,224,052 3,049,566
Commitments and contingencies(Notes 5-7)
   
Common stock, $0.08 par value, 25,000,000 shares authorized, 13,488,313 and 12,867,924 issued and outstanding at Feburary 28, 2023 and May 31, 2022, respectively 1,079,065 1,029,432
Additional paid-in-capital 45,443,164 42,446,597
Accumulated other comprehensive loss (110,911) (73,936)
Accumulated deficit (40,425,202) (35,077,379)
Total Shareholders' Equity 5,986,116 8,324,714
Total Liabilities and Shareholders' Equity $ 8,210,168 $ 11,374,280