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CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) (USD $)
Nov. 30, 2011
May 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 3,684,854 $ 8,130,031
Short-term investments 110,148 109,709
Accounts and other receivables, net of an allowance for doubtful accounts and commission adjustments of $1,617,193 at November 30, 2011, and $1,296,947 at May 31, 2011 12,982,119 4,018,572
Inventories, net 2,683,265 1,786,057
Financing receivables, net 19,225 18,425
Deferred commission expense 2,823,456 2,532,048
Deferred related party consulting expense - current portion 510,000 510,000
Other current assets 176,009 267,235
Total current assets 22,989,076 17,372,077
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1,789,204 at November 30, 2011, and $1,633,290 at May 31, 2011 418,683 366,199
GOODWILL 3,175,152 0
DEFERRED DISTRIBUTOR COSTS, net of accumulated amortization of $588,876 at November 30, 2011, and $464,402 at May 31, 2011 0 124,474
FINANCING RECEIVABLES, net 17,316 27,133
DEFERRED RELATED PARTY CONSULTING EXPENSE 127,500 382,500
OTHER ASSETS 350,542 282,162
Total Assets 27,078,269 18,554,545
CURRENT LIABILITIES    
Accounts payable 541,238 480,661
Accrued commissions 2,645,081 1,963,826
Accrued expenses and other liabilities 1,440,094 632,374
Sales tax payable 374,369 160,321
Deferred revenue - current portion 12,610,574 10,917,732
Deferred gain on sale-leaseback of building - current portion 35,497 53,245
Accrued professional fees 30,000 61,550
Trade payable due to related party 3,359 265,863
Total current liabilities 17,680,212 14,535,572
LONG-TERM LIABILITIES    
Deferred revenue 2,091,992 1,004,483
Accrued rent expense 0 3,001
Deferred gain on sale-leaseback of building 0 8,874
Notes payable due to related party 284,550 0
Other long-term liabilities 76,267 94,835
Total long-term liabilities 2,452,809 1,111,193
COMMITMENTS AND CONTINGENCIES (NOTE P)      
STOCKHOLDERS' EQUITY    
Preferred stock, $.01 par value; 1,000,000 shares authorized; 0 shares at November 30, 2011 and 299,024 shares at May 31, 2011 issued and outstanding 0 2,990
Common stock, $.001 par value; 250,000,000 shares authorized; 153,103,796 shares at November 30, 2011 and 117,078,704 at May 31, 2011 issued and outstanding 153,103 117,079
Additional paid-in capital 60,152,117 55,743,295
Accumulated deficit (53,363,971) (52,955,584)
Accumulated other comprehensive income 3,999 0
Total stockholders' equity 6,945,248 2,907,780
Total Liabilities and Stockholders Equity $ 27,078,269 $ 18,554,545