XML 61 R46.htm IDEA: XBRL DOCUMENT v3.7.0.1
1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Apr. 19, 2017
May 31, 2017
May 31, 2016
May 31, 2015
May 31, 2014
Cash and equivalents   $ 17,803 $ 939 $ 5,527 $ 1,809
Proceeds from issuance of common stock under public offering, net of issuance costs $ 15,832 15,832 0 0  
STOCK BASED COMPENSATION:          
Stock-based compensation costs capitalized as part of inventory   0 0 20  
Stock-based compensation expense related to stock options and restricted stock units   884 894 857  
Stock-based compensation related to the ESPP   115 $ 122 $ 140  
Compensation cost related to purchase rights under the ESPP but not yet recognized   $ 33      
Weighted average period for recognition of costs   8 months 12 days      
EARNINGS PER SHARE:          
Options outstanding not included in the computation of diluted net loss per share   3,074,000 3,201,000 3,686,000  
2006 Stock Option Plan and 2016 Equity Incentive Plan          
STOCK BASED COMPENSATION:          
Unrecognized stock-based compensation   $ 886      
Estimated forfeitures of unvested stock based awards, amount   $ 2      
Weighted average period for recognition of costs   2 years 3 months 18 days      
Convertible Notes          
EARNINGS PER SHARE:          
Options outstanding not included in the computation of diluted net loss per share   2,657,000 2,657,000    
Asia | Accounts Receivable          
Concentration risk   55.00% 7.00%    
Europe | Accounts Receivable          
Concentration risk   0.00% 68.00%    
North America | Accounts Receivable          
Concentration risk   45.00% 25.00%    
Customer One | Accounts Receivable          
Concentration risk   47.00% 67.00%    
Customer One | Net Sales          
Concentration risk   45.00% 47.00%    
Customer Two | Accounts Receivable          
Concentration risk   40.00%      
Customer Two | Net Sales          
Concentration risk   19.00% 32.00%    
Customer Three | Accounts Receivable          
Concentration risk   11.00%      
Customer Three | Net Sales          
Concentration risk   17.00%      
Customer Four | Net Sales          
Concentration risk   10.00%      
ESPP          
EARNINGS PER SHARE:          
Options outstanding not included in the computation of diluted net loss per share   169,000 304,000 175,000  
RSUs          
EARNINGS PER SHARE:          
Options outstanding not included in the computation of diluted net loss per share   32,000 35,000