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Condensed Consolidated Balance Sheets - USD ($)
Nov. 30, 2020
May 31, 2020
Current assets:    
Cash and cash equivalents $ 14,993,541 $ 15,159,827
Short-term investments 1,084,034 1,071,950
Accounts receivable, net 4,822,216 5,819,471
Inventory 8,867,833 10,107,437
Costs and estimated earnings in excess of billings 1,542,701 1,754,573
Other current assets 533,070 510,360
Total current assets 31,843,395 34,423,618
Maintenance and other inventory, net 1,129,350 879,050
Property and equipment, net 9,537,703 9,407,490
Other assets 198,258 195,621
Deferred income taxes 170,115 170,115
Total assets 42,878,821 45,075,894
Current liabilities:    
Short-term borrowings 1,461,500
Accounts payable 878,775 1,370,175
Accrued commissions 326,430 305,885
Other current liabilities 876,483 1,663,914
Billings in excess of costs and estimated earnings 381,180 736,866
Total current liabilities 2,462,868 5,538,340
Stockholders' Equity:    
Common stock and additional paid-in capital 9,942,649 9,860,006
Retained earnings 33,359,881 32,538,580
Stockholders’ equity before treasury stock 43,302,530 42,398,586
Treasury stock - at cost (2,886,577) (2,861,032)
Total stockholders’ equity 40,415,953 39,537,554
Total liabilities and stockholders’ equity $ 42,878,821 $ 45,075,894