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Condensed Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
May 31, 2019
Current Assets:    
Cash and cash equivalents $ 3,473,282 $ 3,694,989
Certificates of deposit and marketable securities 44,416 527,232
Accounts receivable, net of allowance for doubtful accounts of $181,000 6,817,940 7,443,581
Other receivables 8,877 5,321
Prepaid expenses 254,911 118,482
Prepaid and recoverable income taxes 52,385
Total Current Assets 10,599,426 11,841,990
Equipment and leasehold improvements, net of accumulated depreciation and amortization of $273,444 and $268,886 13,433 6,502
Other assets 49,653 49,653
Right-of-use asset 431,054
Deferred income taxes 1,249,000 636,000
Total Assets 12,342,566 12,534,145
Current Liabilities:    
Accounts and other payables 406,333 574,540
Accrued expenses and other current liabilities 3,159,667 3,852,568
Advances from customers 1,229,035 1,190,014
Revolving line of credit 940,304
Operating lease liability - current 206,380
Total Current Liabilities 5,941,719 5,617,122
Legal settlement payable 818,000
Operating lease liability, net of current portion 228,192
Total Liabilities 6,987,911 5,617,122
Commitments and contingencies
TSR, Inc.:    
Preferred stock, value
Common stock, $.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 13,721,620 15,268,224
Shareholder's equity before treasury stock 18,855,630 20,402,234
Less: Treasury stock, 1,152,101 shares, at cost 13,514,003 13,514,003
Total TSR, Inc. Equity 5,341,627 6,888,231
Noncontrolling interest 13,028 28,792
Total Equity 5,354,655 6,917,023
Total Liabilities and Equity 12,342,566 12,534,145
Class A Preferred Stock    
TSR, Inc.:    
Preferred stock, value