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Condensed Consolidated Balance Sheets - USD ($)
Feb. 28, 2022
May 31, 2021
Current assets:    
Cash and cash equivalents $ 20,251,643 $ 20,581,604
Short-term investments 1,101,705 1,097,012
Accounts and other receivables, net 5,268,164 4,120,564
Inventory 5,932,166 5,835,596
Costs and estimated earnings in excess of billings 1,321,412 1,499,604
Other current assets 868,300 977,525
Total current assets 34,743,390 34,111,905
Maintenance and other inventory, net 1,477,678 1,612,839
Property and equipment, net 9,558,038 9,816,594
Other assets 204,216 200,538
Deferred income taxes 190,115 190,115
Total assets 46,173,437 45,931,991
Current liabilities:    
Accounts payable 1,170,172 1,787,325
Accrued commissions 353,245 269,064
Billings in excess of costs and estimated earnings 708,129 1,361,985
Other current liabilities 2,281,196 1,715,409
Total current liabilities 4,512,742 5,133,783
Stockholders' Equity:    
Common stock and additional paid-in capital 10,249,834 10,111,735
Retained earnings 34,325,863 33,601,475
Stockholders’ equity before treasury stock 44,575,697 43,713,210
Treasury stock - at cost (2,915,002) (2,915,002)
Total stockholders’ equity 41,660,695 40,798,208
Total liabilities and stockholders’ equity $ 46,173,437 $ 45,931,991