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Condensed Consolidated Statements of Income (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2025
Feb. 29, 2024
Condensed Consolidated Statements of Income (unaudited)        
Sales, net $ 10,564,834 $ 12,254,093 $ 30,731,571 $ 32,517,596
Cost of goods sold 6,035,961 6,501,227 16,812,968 17,569,487
Gross profit 4,528,873 5,752,866 13,918,603 14,948,109
Research and development costs 146,749 108,363 318,863 321,518
Selling, general and administrative expenses 2,362,522 2,651,289 7,731,052 7,660,172
Operating income 2,019,602 2,993,214 5,868,688 6,966,419
Other income 325,643 362,707 1,010,268 1,122,713
Income before provision for income taxes 2,345,245 3,355,921 6,878,956 8,089,132
Provision for income taxes 343,000 659,000 1,153,896 1,563,000
Net income $ 2,002,245 $ 2,696,921 $ 5,725,060 $ 6,526,132
Basic and diluted earnings per common share $ 0.64 $ 0.82 $ 1.83 $ 1.91