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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2019
May 31, 2019
Current Assets:    
Cash and cash equivalents $ 850,989 $ 686,785
Accounts receivable, less allowance for doubtful accounts of $76,681 and $73,110 as of November 30, 2019 and May 31, 2019, respectively 1,282,944 1,454,652
Inventories 2,190,893 2,151,090
Prepaid expenses and other 186,035 202,402
Total Current Assets 4,510,861 4,494,929
Property and Equipment, net of accumulated depreciation and amortization of $1,813,925 and $1,762,344 as of November 30, 2019 and May 31, 2019, respectively 303,573 351,070
Right of Use Assets, net of amortization 1,823,614
Investments 165,324 165,324
Intangible Assets, net 110,490 107,209
Other Assets 124,759 126,832
Total Assets 7,038,621 5,245,364
Current Liabilities:    
Accounts payable and accrued expenses 1,344,791 1,037,565
Accrued compensation 239,072 226,829
Equity financing deposit-officer 200,000
Lease liability, current portion 200,401
Total Current Liabilities 1,984,264 1,264,394
Lease Liability, net of current portion 1,678,436  
Total Liabilities 3,662,700 1,264,394
Commitments and Contingencies (Notes 6 and 7)
Shareholders' Equity:    
Preferred stock, no par value authorized 5,000,000 shares, none issued and none outstanding at November 30, 2019 and May 31, 2019
Common stock, $0.08 par value authorized 25,000,000 shares, issued and outstanding 9,851,090 and 9,677,188 at November 30, 2019 and May 31, 2019, respectively 788,085 774,173
Additional paid-in-capital 23,223,269 22,830,006
Common stock subscribed (15,583)
Accumulated other comprehensive loss (41,616) (36,531)
Accumulated deficit (20,578,234) (19,586,678)
Total Shareholders' Equity 3,375,921 3,980,970
Total Liabilities and Shareholders' Equity $ 7,038,621 $ 5,245,364