Consolidated Balance Sheets - USD ($)	May 31, 2020	May 31, 2019
Current Assets:
Cash and cash equivalents	$ 9,730,022	$ 3,694,989
Certificates of deposit and marketable securities	50,344	527,232
Accounts receivable:
Trade, net of allowance for doubtful accounts of $181,000 in 2020 and 2019	7,057,365	7,443,581
Other	5,088	5,321
Accounts Receivables, Net	7,062,453	7,448,902
Prepaid expenses	202,862	118,482
Prepaid and recoverable income taxes	598,893	52,385
Total Current Assets	17,644,574	11,841,990
Equipment and leasehold improvements, at cost:
Equipment	112,435	104,223
Furniture and fixtures	124,371	111,107
Leasehold improvements	60,058	60,058
Property, Plant And Equipment, Gross	296,864	275,388
Less accumulated depreciation and amortization	276,673	268,886
Property, Plant and Equipment, Net	20,191	6,502
Other assets	49,653	49,653
Right-of-use asset	377,182
Deferred income taxes	784,000	636,000
Total Assets	18,875,600	12,534,145
Current Liabilities:
Accounts and other payables	503,166	574,540
Accrued expenses and other current liabilities:
Salaries, wages and commissions	2,240,063	2,895,603
Other	791,570	956,965
Accrued expenses and other current liabilities, Current	3,031,633	3,852,568
Advances from customers	1,181,234	1,190,014
Revolving line of credit	501,134
Operating lease liability- current	188,799
Total Current Liabilities	5,405,966	5,617,122
Operating lease liability, net of current portion	192,409
Legal settlement payable	827,822
SBA Paycheck Protection Program loan payable	6,659,220
Total Liabilities	13,085,417	5,617,122
Commitments and Contingencies
TSR, Inc.
Preferred stock, $1.00 par value, authorized 500,000 shares; none issued
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	14,141,796	15,268,224
Shareholder's equity before treasury stock	19,275,806	20,402,234
Less: treasury stock, 1,152,101 shares, at cost	13,514,003	13,514,003
Total TSR, Inc. Equity	5,761,803	6,888,231
Noncontrolling Interest	28,380	28,792
Total Equity	5,790,183	6,917,023
Total Liabilities and Equity	18,875,600	12,534,145
Class A Preferred Stock
TSR, Inc.
Preferred stock, $1.00 par value, authorized 500,000 shares; none issued