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1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
May 31, 2013
Organization And Summary Of Significant Accounting Policies Tables  
Financial assets and liabilities measured at fair value on a recurring basis

In Thousands, unless otherwise specified

 

  Balance as of            
  May 31, 2013   Level 1   Level 2   Level 3
Money market funds. .            $ 102      $ 102   $    --   $    --
               
Assets. . . . . . . .        $ 102      $ 102   $    --   $    --
               
Liabilities . . . . .                     $  --   $  --   $    --   $    --

 

 

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of May 31, 2012 (in thousands):

 


Balance as of            
  May 31, 2012   Level 1   Level 2   Level 3
Money market funds. .            $   2      $    2   $    --   $    --
               
Assets. . . . . . . .        $   2      $    2   $    --   $    --
               
Liabilities . . . . .                     $  --   $   --   $    --   $    --
Compensation costs related to the Company's stock-based compensation

In Thousands, except per share data

 

  Year Ended May 31,
  2013   2012   2011
Stock-based compensation in the form of employee          
  stock options and ESPP shares, included in:          
           
Cost of sales................................... $ 36   $ 87   $108
Selling, general and administrative............. 446   430   488
Research and development........................ 119   192   351
           
Net effect on net loss.......................... $601   $709   $947
           
Effect on net loss per share:          
  Basic......................................... $0.06   $0.08   $0.11
  Diluted....................................... $0.06   $0.08   $0.11
Fair value assumptions for Option Valuation Model

 

  Year Ended May 31,
  2013   2012   2011
Option Plan Shares          
Expected Term (in years)............... 5   5   5
Volatility............................. 0.91   0.84   0.80
Expected Dividend...................... $0.00   $0.00   $0.00
Risk-free Interest Rates............... 0.72%   1.12%    1.73%
Weighted Average Grant Date Fair Value. $0.78   $0.60   $1.19

 

 

Fair value assumption of the ESPP Purchase Rights

  

  Year End May 31,
  2013   2012   2011
Employee Stock Purchase Plan Shares          
Expected Term (in years)................ 0.5 - 2.0   0.5 - 2.0   n/a
Volatility.............................. 0.45 – 1.05   0.79 – 0.95   n/a
Expected Dividend....................... $0.00   $0.00   n/a
Risk-free Interest Rates................ 0.11%–0.23%   0.06%–1.05%   n/a
Weighted Average Grant Date Fair Value.. $0.54   $0.40   n/a
Basic and diluted EPS

In Thousands, except per share data

 


Year Ended May 31,
  2013   2012   2011
Numerator: Net loss......................... $(3,419)   $(3,390)   $(3,389)
           
Denominator for basic net loss per share:          
  Weighted-average shares outstanding.......   9,549     9,016     8,776
           
Shares used in basic net loss per share          
  calculation...............................   9,549     9,016     8,776
           
Effect of dilutive securities...............      --        --        --
           
           
Denominator for diluted net loss per share..   9,549     9,016     8,776
           
           
Basic net loss per share....................  $(0.36)    $(0.38)    $(0.39)
           
Diluted net loss per share..................  $(0.36)    $(0.38)    $(0.39)