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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 30, 2024
May 31, 2024
Current assets    
Cash and cash equivalents $ 2,355,333 $ 2,831,471
Short-term investments 24,246,282 28,131,279
Accounts and other receivables, net 8,247,705 5,212,408
Inventory 8,610,730 7,512,052
Costs and estimated earnings in excess of billings 3,017,641 4,356,565
Other current assets 2,099,632 725,506
Total current assets 48,577,323 48,769,281
Maintenance and other inventory, net 1,427,583 1,579,829
Property and equipment, net 11,318,103 11,180,933
Patents, net 281,481 292,593
Other assets 244,627 242,167
Deferred income taxes 1,012,615 1,012,615
Assets 62,861,732 63,077,418
Current liabilities    
Accounts payable 857,351 1,438,847
Accrued expenses 2,497,496 4,664,463
Billings in excess of costs and estimated earnings 3,707,908 5,601,274
Accrued income taxes 0 126,148
Total current liabilities 7,062,755 11,830,732
Stockholders' Equity    
Common stock and additional paid-in capital 14,024,605 13,063,587
Retained earnings 54,849,833 51,127,018
Treasury stock - at cost (13,075,461) (12,943,919)
Total stockholders' equity 55,798,977 51,246,686
Liabilities and Equity $ 62,861,732 $ 63,077,418