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Consolidated Balance Sheets - USD ($)
May 31, 2020
May 31, 2019
Current assets    
Cash and cash equivalents $ 10,146,531 $ 1,467,435
Restricted cash 420,000 0
Accounts receivable, net 574,926 631,126
Inventories 1,059,357 1,241,132
Prepaid expenses 60,674 101,617
Current assets held for sale 0 5,192,384
Total current assets 12,261,488 8,633,694
Property and equipment, net 652,136 753,407
Other assets    
Intangible assets, net 287,602 392,185
Noncurrent assets held for sale 0 85,967
Total assets 13,201,226 9,865,253
Current liabilities    
Accounts payable 267,660 102,566
Accrued commissions 41,450 71,663
Accrued payroll liabilities 86,372 112,351
Accrued liabilities 265,349 0
Customer deposits and prepayments 12,239 78,376
Other accrued liabilities 587,492 128,353
Income taxes payable 47,462 491
Current portion of long-term liabilities 0 20,828
Current liabilities held for sale 0 849,149
Total current liabilities 1,308,024 1,363,777
Long-term liabilities 0 28,543
Total liabilities 1,308,024 1,392,320
Commitments and contingencies (Note 4)
Stockholders' equity    
Common stock, no par value, 20,000,000 shares authorized, 3,784,554 shares issued and outstanding at May 31, 2020 and 4,032,878 shares issued and outstanding at May 31, 2019 12,257,306 13,245,439
Accumulated other comprehensive loss 0 (527,827)
Accumulated deficit (364,104) (4,244,679)
Total stockholders' equity 11,893,202 8,472,933
Total liabilities and stockholders' equity $ 13,201,226 $ 9,865,253