Earnings Per Share (Tables)

9 Months Ended

Feb. 28, 2019

Earnings Per Share [Abstract]

Schedule of Anti-Dilutive Securities Excluded from Computation of Earnings Per Share

Instruments which have an anti-dilutive effect are as follows:

	2019		2018
Nine months ended February 28:
Preferred stock convertible into common stock		3,333,333		3,333,333
Total		3,333,333		3,333,333
Three months ended February 28:
Options to purchase common stock		-		200,000
Warrants to purchase common stock		-		500,000
Preferred stock convertible into common stock		3,333,333		3,333,333
Total		3,333,333		4,033,333

Schedule of Computation of Basic and Diluted Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share for the nine months and three months ended February 28, 2019 and 2018:

	2019		2018
Nine months ended February 28:
Numerator -
Net income attributable to common stockholders	$	789,399	$	210,817
Denominator -
Weighted-average shares outstanding - basic		28,361,201		28,361,201
Incremental shares from assumed conversion of options and warrants		648,214		630,952
Diluted shares		29,009,415		28,992,153
Income per share -
Basic and Diluted	$	0.03	$	0.01
Three months ended February 28:
Numerator -
Net income (loss) attributable to common stockholders	$	59,118	$	(152,554	)
Denominator -
Weighted-average shares outstanding - basic		28,361,201		28,361,201
Incremental shares from assumed conversion of options and warrants		650,847		-
Diluted shares		29,012,048		28,361,201
Income (Loss) per share -
Basic and Diluted	$	0.00	$	(0.01	)