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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 29, 2024
May 31, 2023
Current assets    
Cash and cash equivalents $ 3,056,450 $ 3,575,219
Short-term investments 21,567,890 24,514,757
Accounts and other receivables, net 4,886,625 5,553,504
Inventory 6,677,772 5,941,304
Costs and estimated earnings in excess of billings 4,534,019 4,124,182
Other current assets 464,745 668,554
Total current assets 41,187,501 44,377,520
Maintenance and other inventory, net 1,360,932 1,003,140
Property and equipment, net 11,135,688 11,721,784
Patents, net 298,148 0
Other assets 241,051 210,120
Deferred income taxes 568,615 568,615
Assets 54,791,935 57,881,179
Current liabilities    
Accounts payable 955,841 1,717,657
Accrued expenses 4,039,991 4,078,322
Billings in excess of costs and estimated earnings 1,960,286 1,992,470
Total current liabilities 6,956,118 7,788,449
Stockholders' Equity    
Common stock and additional paid-in capital 11,794,037 11,049,216
Retained earnings 48,654,388 42,128,256
Treasury stock - at cost (12,612,608) (3,084,742)
Total stockholders' equity 47,835,817 50,092,730
Liabilities and Equity $ 54,791,935 $ 57,881,179