XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2025
May 31, 2024
Current Assets:    
Cash and cash equivalents $ 3,058,000 $ 4,170,000
Accounts receivable, net 1,268,000 947,000
Inventories, net 1,655,000 2,376,000
Prepaid expenses and other 223,000 238,000
Total current assets 6,204,000 7,731,000
Property and equipment, net of accumulated depreciation and amortization of $1,444,000 and $1,394,000 as of February 28, 2025 and May 31, 2024, respectively 151,000 201,000
Right-of-use assets, net of accumulated amortization of $1,143,000 and $910,000 as of February 28, 2025 and May 31, 2024, respectively 509,000 742,000
Investments 165,000 165,000
Intangible assets, net of accumulated amortization of $63,000 and $48,000 as of February 28, 2025 and May 31, 2024, respectively 234,000 212,000
Other assets 113,000 203,000
Total Assets 7,376,000 9,254,000
Current Liabilities:    
Accounts payable and accrued expenses 632,000 1,138,000
Accrued compensation 612,000 655,000
Advance from customers 55,000 85,000
Lease liabilities, current portion 350,000 326,000
Total current liabilities 1,649,000 2,204,000
Lease liabilities, net of current portion 193,000 459,000
Total Liabilities 1,842,000 2,663,000
Commitments and contingencies (Note 6)
Shareholders’ Equity:    
Preferred stock value
Common stock, $0.08 par value, 25,000,000 shares authorized, 20,366,005 and 16,821,646 issued and outstanding at February 28, 2025 and May 31, 2024, respectively 1,629,000 1,346,000
Additional paid-in capital 55,642,000 53,542,000
Accumulated other comprehensive loss (113,000) (102,000)
Accumulated deficit (51,624,000) (48,195,000)
Total Shareholders’ Equity 5,534,000 6,591,000
Total Liabilities and Shareholders’ Equity 7,376,000 9,254,000
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock value