Earnings Per Share (Tables)

9 Months Ended

Feb. 29, 2020

Earnings Per Share [Abstract]

Schedule of Anti-Dilutive Instruments of Earnings Per Share

Instruments which have an anti-dilutive effect at for the nine months and three months ended February 29(28) are as follows:

	2020		2019
Preferred stock convertible into common stock		3,333,333		3,333,333

Schedule 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 ended February 29(28), 2020 and 2019:

	2020		2019
Numerator -
Net income attributable to common stockholders	$	2,546,483	$	789,399
Denominator -
Weighted-average shares outstanding - basic		28,361,201		28,361,201
Incremental shares from assumed conversion of warrants and options		642,000		648,214
Diluted shares		29,003,201		29,009,415
Income per share -
Basic and Diluted	$	0.09	$	0.03

For the three months ended February 29(28), 2020 and 2019:

	2020		2019
Numerator -
Net income attributable to common stockholders	$	1,799,805	$	59,118
Denominator -
Weighted-average shares outstanding - basic		28,361,201		28,361,201
Incremental shares from assumed conversion of warrants and options		638,298		650,847
Diluted shares		28,999,499		29,012,048
Income per share -
Basic and Diluted	$	0.06	$	0.00