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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities:    
Consolidated net income $ 1,058,292 $ 1,194,631
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 114,493 123,269
Unrealized (gain) loss on marketable securities, net (10,608) 11,480
Deferred income taxes 61,000 437,000
Non-cash lease recovery (3,083) (20,724)
Non-cash stock-based compensation expense 51,054 138,432
Changes in operating assets and liabilities:    
Accounts receivable 1,053,057 868,689
Other receivables 10,309 (38,240)
Prepaid expenses (248,096) (129,599)
Prepaid and recoverable income taxes 31,795
Other assets 17,011 14,498
Accounts payable, other payables, accrued expenses and other current liabilities (395,640) (193,375)
Income taxes payable 42,026 5,730
Advances from customers (42,855) 37,501
Legal settlement payable (597,566)
Net cash provided by operating activities 1,706,960 1,883,521
Cash flows from investing activities:    
Purchases of certificates of deposit (500,000) (500,000)
Maturities of certificates of deposit 490,000
Purchases of equipment and leasehold improvements (3,584)
Net cash used in investing activities (10,000) (503,584)
Cash flows from financing activities:    
Net repayments on credit facility (61,882)
Purchases of treasury stock (116,426)
Net cash used in financing activities (178,308)
Net increase in cash and cash equivalents 1,696,960 1,201,629
Cash and cash equivalents at beginning of period 7,382,320 6,490,158
Cash and cash equivalents at end of period 9,079,280 7,691,787
Supplemental disclosures of cash flow data:    
Income taxes paid 306,000 44,000
Interest paid 52,000 37,000
Supplemental disclosures of non-cash information:    
Right-of-use asset obtained in exchange for lease liabilities $ 298,000