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Condensed Consolidated Balance Sheets - USD ($)
Aug. 31, 2021
May 31, 2021
Current assets:    
Cash and cash equivalents $ 20,146,836 $ 20,581,604
Short-term investments 1,101,705 1,097,012
Accounts and other receivables, net 2,756,295 4,120,564
Inventory 5,467,733 5,835,596
Costs and estimated earnings in excess of billings 3,287,460 1,499,604
Other current assets 913,361 977,525
Total current assets 33,673,390 34,111,905
Maintenance and other inventory, net 1,592,847 1,612,839
Property and equipment, net 9,964,762 9,816,594
Other assets 201,693 200,538
Deferred income taxes 190,115 190,115
Total assets 45,622,807 45,931,991
Current liabilities:    
Accounts payable 1,945,783 1,787,325
Accrued commissions 460,169 269,064
Other current liabilities 1,265,512 1,715,409
Billings in excess of costs and estimated earnings 967,425 1,361,985
Total current liabilities 4,638,889 5,133,783
Stockholders' Equity:    
Common stock and additional paid-in capital 10,115,568 10,111,735
Retained earnings 33,783,352 33,601,475
Stockholders’ equity before treasury stock 43,898,920 43,713,210
Treasury stock - at cost (2,915,002) (2,915,002)
Total stockholders’ equity 40,983,918 40,798,208
Total liabilities and stockholders’ equity $ 45,622,807 $ 45,931,991