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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Condensed Consolidated Statements of Income (unaudited)        
Sales, net $ 12,254,093 $ 9,891,272 $ 32,517,596 $ 29,479,337
Cost of goods sold 6,501,227 5,629,523 17,569,487 17,357,733
Gross profit 5,752,866 4,261,749 14,948,109 12,121,604
Research and development costs 108,363 190,688 321,518 881,335
Selling, general and administrative expenses 2,651,289 2,266,115 7,660,172 6,500,487
Operating income 2,993,214 1,804,946 6,966,419 4,739,782
Other income, net 362,707 239,941 1,122,713 432,984
Income before provision for income taxes 3,355,921 2,044,887 8,089,132 5,172,766
Provision for income taxes 659,000 386,000 1,563,000 952,000
Net income $ 2,696,921 $ 1,658,887 $ 6,526,132 $ 4,220,766
Basic and diluted earnings per common share $ 0.82 $ 0.47 $ 1.91 $ 1.2