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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
May 31, 2021
May 31, 2020
Cash flows from operating activities:    
Consolidated net loss $ (577,085) $ (1,098,049)
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 158,154 7,787
Unrealized (gain) loss from marketable securities, net 4,648 (15,112)
Non-cash right-of-use asset impairment charge 136,599
Non-cash lease (recovery) expense (19,098) 4,026
Non-cash stock-based compensation expense 236,332
Deferred income taxes (157,000) (148,000)
Changes in operating assets and liabilities:    
Accounts receivable-trade (1,824,447) 386,216
Other receivables (27,420) 233
Prepaid expenses (45,583) (84,380)
Prepaid and recoverable income taxes 590,222 (546,508)
Other assets 1,990
Accounts and other payables and accrued expenses and other current liabilities 2,797,809 (892,309)
Legal settlement payable 39,287 827,822
Advances from customers (10,734) (8,780)
Net cash provided by (used) in operating activities 1,303,674 (1,567,054)
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 492,000
Purchase of Geneva Consulting Group, Inc., net of cash acquired of $241,946 (3,100,114)
Purchases of equipment and leasehold improvements (125,951) (21,476)
Net cash provided by (used in) investing activities (3,226,065) 470,524
Cash flows from financing activities:    
Net drawings (repayments) on Credit Facility (408,607) 501,134
Proceeds from SBA Paycheck Protection Program loan 6,659,220
Distributions to noncontrolling interest (28,378) (28,791)
Net cash provided by (used in) financing activities (436,985) 7,131,563
Net increase (decrease) in cash and cash equivalents (2,359,376) 6,035,033
Cash and cash equivalents at beginning of year 9,730,022 3,694,989
Cash and cash equivalents at end of year 7,370,646 9,730,022
Supplemental disclosures of cash flow data:    
Income taxes paid 45,000 30,000
Non-cash investing and financing activities:    
Right-of-use asset and operating lease liability $ 846,000