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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Condensed Consolidated Statements of Income (unaudited)        
Sales, net $ 9,891,272 $ 6,143,329 $ 29,479,337 $ 21,209,052
Cost of goods sold 5,870,523 4,768,479 17,980,006 15,371,500
Gross profit 4,020,749 1,374,850 11,499,331 5,837,552
Research and development costs 190,688 201,277 881,335 684,494
Selling, general and administrative expenses 2,025,115 1,364,664 5,878,214 4,445,623
Operating income 1,804,946 (191,091) 4,739,782 707,435
Other income, net 239,941 4,798 432,984 75,953
Income before provision for income taxes 2,044,887 (186,293) 5,172,766 783,388
Provision for income taxes 386,000 (69,000) 952,000 59,000
Net income $ 1,658,887 $ (117,293) $ 4,220,766 $ 724,388
Basic and diluted earnings per common share $ 0.47 $ (0.03) $ 1.20 $ 0.21