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Condensed Consolidated Balance Sheets - USD ($)
Nov. 30, 2023
May 31, 2023
Current Assets:    
Cash and cash equivalents $ 9,079,280 $ 7,382,320
Certificates of deposit and marketable securities 535,760 515,152
Accounts receivable, net of allowance for doubtful accounts of $181,000 11,028,278 12,081,335
Other receivables 69,309 79,618
Prepaid expenses 496,630 248,534
Total Current Assets 21,209,257 20,306,959
Equipment and leasehold improvements, net of accumulated depreciation and amortization of $307,099 and $270,606 33,106 69,599
Other assets 31,761 48,772
Right-of-use assets 665,407 459,171
Intangible assets, net 1,255,500 1,333,500
Goodwill 785,883 785,883
Deferred income taxes 283,000 344,000
Total Assets 24,263,914 23,347,884
Current Liabilities:    
Accounts payable and other payables 1,637,141 1,663,990
Accrued expenses and other current liabilities 3,294,535 3,663,326
Advances from customers 1,224,138 1,266,993
Income taxes payable 53,286 11,260
Operating lease liabilities - current 184,833 150,167
Total Current Liabilities 6,393,933 6,755,736
Operating lease liabilities, net of current portion 510,747 342,260
Total Liabilities 6,904,680 7,097,996
Commitments and contingencies
Equity:    
Preferred stock, $1 par value, authorized 500,000 shares; none issued
Common stock, $.01 par value, authorized 12,500,000 shares; issued 3,322,527 shares, 2,143,712 outstanding 33,226 33,226
Additional paid-in capital 7,727,796 7,676,742
Retained earnings 23,218,880 22,212,107
Shareholder's equity before treasury stock 30,979,902 29,922,075
Less: Treasury stock, 1,178,815 shares, at cost 13,726,895 13,726,895
Total TSR, Inc. Equity 17,253,007 16,195,180
Noncontrolling interest 106,227 54,708
Total Equity 17,359,234 16,249,888
Total Liabilities and Equity $ 24,263,914 $ 23,347,884