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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Aug. 31, 2015
May. 31, 2015
Current Assets:    
Cash and cash equivalents $ 893,265 $ 1,088,307
Accounts receivable, less allowance for doubtful accounts of $3,154 and $17,468 as of August 31, 2015 and May 31, 2015, respectively 1,213,718 1,111,570
Inventories, net 2,109,174 2,027,372
Prepaid expenses and other 173,971 164,352
Deferred tax assets, current portion 74,000 74,000
Total Current Assets 4,464,128 4,465,601
Property and Equipment, net of accumulated depreciation and amortization 410,915 445,386
Deferred Tax Assets, net of current portion 670,000 670,000
Investments 165,324 165,324
Intangible Assets, net 303,506 321,304
Other Assets 60,956 56,838
Total Assets 6,074,829 6,124,453
Current Liabilities:    
Accounts payable and accrued expenses 405,326 392,139
Accrued compensation 133,820 131,794
Total Current Liabilities $ 539,146 $ 523,933
Commitments and Contingencies (Note 6)
Shareholders' Equity:    
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at August 31, 2015 and May 31, 2015
Common stock, $0.08 par value authorized 25,000,000 shares, Issued and outstanding 7,584,487 and 7,566,714 at August 31, 2015 and May 31, 2015, respectively $ 606,757 $ 605,336
Additional paid-in-capital 18,333,310 18,326,890
Accumulated other comprehensive loss (12,607) (12,264)
Accumulated deficit (13,391,777) (13,319,442)
Total Shareholders' Equity 5,535,683 5,600,520
Total Liabilities and Shareholders' Equity $ 6,074,829 $ 6,124,453