XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
May 31, 2012
May 31, 2011
ASSETS    
Cash and cash equivalents $ 2,073 $ 4,020
Accounts receivable, net 2,588 1,432
Inventories 6,070 4,958
Prepaid expenses and other 197 161
Total current assets 10,928 10,571
Property and equipment, net 510 954
Other assets 175 558
Total assets 11,613 12,083
LIABILITIES AND SHAREHOLDERS' EQUITY    
Line of credit 1,408 0
Accounts payable 1,507 885
Accrued expenses 1,385 1,434
Deferred revenue 555 221
Total current liabilities 4,855 2,540
Income tax payable 125 204
Deferred lease commitment 179 238
Total liabilities 5,159 2,982
Shareholders' equity:    
Preferred stock, $0.01 par value per share: Authorized: 10,000 shares; Issued and outstanding: none 0 0
Common stock, $0.01 par value per share: Authorized: 75,000 shares; Issued and outstanding: 9,135 shares and 8,932 shares at May 31, 2012 and 2011, respectively 91 89
Additional paid-in capital 48,622 47,747
Accumulated other comprehensive income 2,458 2,593
Accumulated deficit (44,717) (41,328)
Total shareholders' equity 6,454 9,101
Total liabilities and shareholders' equity $ 11,613 $ 12,083