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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2025
May 31, 2024
Current assets    
Cash and cash equivalents $ 2,301,704 $ 2,831,471
Short-term investments 33,135,711 28,131,279
Accounts and other receivables, net 6,716,656 5,212,408
Inventory 8,805,159 7,512,052
Costs and estimated earnings in excess of billings 3,229,752 4,356,565
Other current assets 2,202,339 725,506
Total current assets 56,391,321 48,769,281
Maintenance and other inventory, net 1,230,668 1,579,829
Property and equipment, net 10,952,309 11,180,933
Patents, net 275,925 292,593
Other assets 283,775 242,167
Deferred income taxes 1,012,615 1,012,615
Assets 70,146,613 63,077,418
Current liabilities    
Accounts payable 1,114,710 1,438,847
Accrued expenses 7,996,709 4,664,463
Billings in excess of costs and estimated earnings 3,232,563 5,601,274
Accrued income taxes 0 126,148
Total current liabilities 12,343,982 11,830,732
Stockholders' Equity    
Common stock and additional paid-in capital 14,034,745 13,063,587
Retained earnings 56,852,078 51,127,018
Treasury stock - at cost (13,084,192) (12,943,919)
Total stockholders' equity 57,802,631 51,246,686
Liabilities and Equity $ 70,146,613 $ 63,077,418