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Condensed Consolidated Balance Sheets - USD ($)
Aug. 31, 2020
May 31, 2020
Current assets:    
Cash and cash equivalents $ 15,419,001 $ 15,159,827
Short-term investments 1,077,962 1,071,950
Accounts receivable, net 4,708,831 5,819,471
Inventory 9,550,392 10,107,437
Costs and estimated earnings in excess of billings 1,676,993 1,754,573
Other current assets 513,702 510,360
Total current assets 32,946,881 34,423,618
Maintenance and other inventory, net 1,090,754 879,050
Property and equipment, net 9,362,463 9,407,490
Other assets 196,842 195,621
Deferred income taxes 170,115 170,115
Total assets 43,767,055 45,075,894
Current liabilities:    
Short-term borrowings 1,461,500 1,461,500
Accounts payable 1,127,246 1,370,175
Accrued commissions 445,638 305,885
Other current liabilities 856,029 1,663,914
Billings in excess of costs and estimated earnings 109,622 736,866
Total current liabilities 4,000,035 5,538,340
Stockholders' Equity:    
Common stock and additional paid-in capital 9,939,006 9,860,006
Retained earnings 32,714,591 32,538,580
Stockholders’ equity before treasury stock 42,653,597 42,398,586
Treasury stock - at cost (2,886,577) (2,861,032)
Total stockholders’ equity 39,767,020 39,537,554
  Total liabilities and stockholders’ equity $ 43,767,055 $ 45,075,894