Note 2 - Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2023

Notes Tables

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	2023		2022
For the six months ended November 30:
Preferred stock convertible into common stock		3,333,333		3,333,333
For the three months ended November 30:
Preferred stock convertible into common stock		3,333,333		3,333,333
Warrants exercisable into common stock		-		500,000
Total		3,333,333		3,833,333

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	2023		2022
Basic earnings per share of common stock:
Numerator -
Net income attributable to common stockholders	$	2,416,374	$	908,128
Denominator -
Weighted-average shares outstanding - basic		28,279,701		28,279,701
Income per share of common stock - basic	$	0.09	$	0.03
Diluted earnings per share of common stock:
Numerator -
Net income attributable to common stockholders	$	2,416,374	$	908,128
Add: Preferred stock dividends for assumed conversion		-		-
Net income allocated to common stockholders	$	2,416,374	$	908,128
Denominator -
Weighted-average shares outstanding – basic		28,279,701		28,279,701
Incremental shares from assumed conversion of warrants and preferred stock, as appropriate		494,861		493,506
Weighted average common stock outstanding – diluted		28,774,562		28,773,207
Income per share of common stock – diluted	$	0.08	$	0.03

	2023		2022
Basic earnings per share of common stock:
Numerator -
Net income (loss) attributable to common stockholders	$	818,354	$	(306,596	)
Denominator -
Weighted-average shares outstanding - basic		28,279,701		28,279,701
Net income (loss) per share of common stock - basic	$	0.03	$	(0.01	)
Diluted earnings per share of common stock:
Numerator -
Net income (loss) attributable to common stockholders	$	818,354	$	(306,596	)
Denominator -
Weighted-average shares outstanding - basic		28,279,701		28,279,701
Incremental shares from assumed conversion of warrants and preferred stock, as appropriate		495,079		-
Weighted average common stock outstanding – diluted		28,774,780		28,279,701
Net income (loss) per share of common stock - diluted	$	0.03	$	(0.01	)