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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Condensed Consolidated Statements of Income (unaudited)        
Sales, net $ 8,548,881 $ 10,339,875 $ 20,166,737 $ 20,263,503
Cost of goods sold 4,662,781 5,529,208 10,777,007 11,068,260
Gross profit 3,886,100 4,810,667 9,389,730 9,195,243
Research and development costs 102,922 84,081 172,114 213,155
Selling, general and administrative expenses 2,838,993 2,672,926 5,368,530 5,008,883
Operating income 944,185 2,053,660 3,849,086 3,973,205
Other income 307,871 398,688 684,625 760,006
Income before provision for income taxes 1,252,056 2,452,348 4,533,711 4,733,211
Provision for income taxes 195,896 471,000 810,896 904,000
Net income $ 1,056,160 $ 1,981,348 $ 3,722,815 $ 3,829,211
Basic and diluted earnings per common share $ 0.34 $ 0.56 $ 1.19 $ 1.09