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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Feb. 28, 2019
May 31, 2018
Current Assets:    
Cash and cash equivalents $ 917,935 $ 1,204,903
Accounts receivable, less allowance for doubtful accounts of $70,887 and $57,695 as of February 28, 2019 and May 31, 2018, respectively 1,077,475 799,940
Inventories, net 2,080,284 2,178,777
Prepaid expenses and other 253,637 300,409
Total current assets 4,329,331 4,484,029
Property and Equipment, net of accumulated depreciation and amortization of $1,739,246 and $1,661,128 as of February 28, 2019 and May 31, 2018, respectively 345,978 351,149
Deferred Tax Assets 10,000 10,000
Investments 165,324 165,324
Intangible Assets, net 95,153 98,923
Other Assets 122,141 113,157
Total Assets 5,067,927 5,222,582
Current Liabilities:    
Accounts payable and accrued expenses 889,702 686,956
Accrued compensation 223,754 209,852
Total current liabilities 1,113,456 896,808
Commitments and Contingencies (Note 6)
Shareholders' Equity:    
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at February 28, 2019 and May 31, 2018
Common stock, $0.08 par value authorized 25,000,000 shares, issued and outstanding 9,333,657 and 8,888,011 at February 28, 2019 and May 31, 2018, respectively 746,691 711,040
Additional paid-in-capital 22,049,039 20,843,550
Subscriptions receivable (6,390) (9,062)
Accumulated other comprehensive loss (33,521) (26,136)
Accumulated deficit (18,801,348) (17,193,618)
Total Shareholders' Equity 3,954,471 4,325,774
Total Liabilities and Shareholders' Equity $ 5,067,927 $ 5,222,582