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Condensed Consolidated Balance Sheets - USD ($)
Nov. 30, 2022
May 31, 2022
Nov. 30, 2021
Current assets:      
Cash and cash equivalents $ 21,013,144 $ 22,517,038 $ 18,648,084
Short-term investments 1,097,450 1,097,450  
Accounts and other receivables, net 5,940,731 4,466,686  
Inventory 5,596,046 5,854,935  
Costs and estimated earnings in excess of billings 5,295,376 3,336,474  
Other current assets 890,506 704,436  
Total current assets 39,833,253 37,977,019  
Maintenance and other inventory, net 972,282 1,107,309  
Property and equipment, net 10,610,010 9,854,759  
Other assets 207,879 205,359  
Deferred income taxes 74,615 74,615  
Total assets 51,698,039 49,219,061  
Current liabilities:      
Accounts payable 1,537,181 1,426,830  
Billings in excess of costs and estimated earnings 1,089,884 1,122,763  
Other current liabilities 3,087,615 3,414,314  
Total current liabilities 5,714,680 5,963,907  
Stockholders' Equity:      
Common stock and additional paid-in capital 10,495,584 10,329,258  
Retained earnings 38,402,777 35,840,898  
Stockholders’ equity before treasury stock 48,898,361 46,170,156  
Treasury stock - at cost (2,915,002) (2,915,002) (2,915,002)
Total stockholders’ equity 45,983,359 43,255,154 $ 41,773,752
Total liabilities and stockholders’ equity $ 51,698,039 $ 49,219,061