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Consolidated Balance Sheets - USD ($)
May 31, 2019
May 31, 2018
Current Assets:    
Cash and cash equivalents $ 3,694,989 $ 5,323,437
Certificates of deposit and marketable securities 527,232 537,160
Accounts receivable:    
Trade, net of allowance for doubtful accounts of $181,000 in 2019 and $185,000 in 2018 7,443,581 7,227,823
Other 5,321 2,094
Accounts Receivables, Net 7,448,902 7,229,917
Prepaid and recoverable income taxes 52,385 28,214
Prepaid expenses 118,482 98,344
Total Current Assets 11,841,990 13,217,072
Equipment and leasehold improvements, at cost:    
Equipment 104,223 100,980
Furniture and fixtures 111,107 111,107
Automobiles 19,323
Leasehold improvements 60,058 60,058
Property, Plant And Equipment, Gross 275,388 291,468
Less accumulated depreciation and amortization 268,886 263,742
Property, Plant and Equipment, Net 6,502 27,726
Other assets 49,653 49,653
Deferred income taxes 636,000 78,000
Total Assets 12,534,145 13,372,451
Current Liabilities:    
Accounts and other payables 574,540 559,428
Accrued expenses and other current liabilities:    
Salaries, wages and commissions 2,895,603 3,136,023
Other 956,965 196,990
Accrued expenses and other current liabilities, Current 3,852,568 3,333,013
Advances from customers 1,190,014 1,211,232
Total Liabilities 5,617,122 5,103,673
Commitments and Contingencies
TSR, Inc.    
Preferred stock, value
Common stock, $0.01 par value, authorized 12,500,000 shares; issued 3,114,163 shares; 1,962,062 outstanding 31,142 31,142
Additional paid-in capital 5,102,868 5,102,868
Retained earnings 15,268,224 16,604,219
Shareholder's equity before treasury stock 20,402,234 21,738,229
Less: Treasury stock, 1,152,101 shares, at cost 13,514,003 13,514,003
Total TSR, Inc. Equity 6,888,231 8,224,226
Noncontrolling Interest 28,792 44,552
Total Equity 6,917,023 8,268,778
Total Liabilities and Equity 12,534,145 13,372,451
Class A Preferred Stock    
TSR, Inc.    
Preferred stock, value