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CONSOLIDATED BALANCE SHEETS - USD ($)
May 31, 2021
May 31, 2020
Current Assets:    
Cash and cash equivalents $ 4,199,311 $ 8,641,027
Accounts receivable, less allowance for doubtful accounts of $837,415 and $70,981 as of May 31, 2021 and 2020, respectively 1,455,051 1,765,871
Inventories, net 3,206,255 2,850,836
Prepaid expenses and other 370,290 1,509,083
Total current assets 9,230,907 14,766,817
Property and equipment, net of accumulated depreciation and amortization of $1,972,357 and $1,867,643 as of May 31, 2021 and 2020, respectively 310,520 279,379
Right of use assets, net of accumulated amortization of $469,077 and $231,489 as of May 31, 2021 and 2020, respectively 1,553,081 1,711,510
Investments 165,324 165,324
Intangible assets, net of accumulated amortization of $126,769 and $496,124 as of May 31, 2021 and 2020, respectively 294,830 168,655
Other assets 264,151 168,193
Total Assets 11,818,813 17,259,878
Current Liabilities:    
Accounts payable and accrued expenses 583,380 986,711
Accrued compensation 388,896 278,627
Lease liability, current portion 327,944 211,809
Total current liabilities 1,300,220 1,477,147
Lease liability, net of current portion 1,291,570 1,569,678
Total Liabilities 2,591,790 3,046,825
Commitments and contingencies (Notes 1 and 9)
Shareholders' Equity:    
Preferred stock, Series A 5% convertible, $0.08 par value, 571,429 shares authorized, none issued and outstanding at May 31, 2021 and 321,429 issued and outstanding at May 31, 2020 and Preferred stock, undesignated, no par value, 4,428,571 shares authorized, none issued and outstanding at May 31, 2021 and 2020 25,714
Common stock, $0.08 par value, 25,000,000 shares authorized, 12,307,157 and 11,740,089 issued and outstanding at May 31, 2021 and 2020, respectively 984,571 939,205
Additional paid-in-capital 38,836,743 36,388,056
Accumulated other comprehensive loss (47,956) (39,841)
Accumulated deficit (30,546,335) (23,100,081)
Total Shareholders' Equity 9,227,023 14,213,053
Total Liabilities and Shareholders' Equity 11,818,813 17,259,878
5% Convertible Preferred Stock [Member] | Series A Preferred Stock [Member]    
Shareholders' Equity:    
Preferred stock, Series A 5% convertible, $0.08 par value, 571,429 shares authorized, none issued and outstanding at May 31, 2021 and 321,429 issued and outstanding at May 31, 2020 and Preferred stock, undesignated, no par value, 4,428,571 shares authorized, none issued and outstanding at May 31, 2021 and 2020 25,714
Preferred Stock [Member]    
Shareholders' Equity:    
Preferred stock, Series A 5% convertible, $0.08 par value, 571,429 shares authorized, none issued and outstanding at May 31, 2021 and 321,429 issued and outstanding at May 31, 2020 and Preferred stock, undesignated, no par value, 4,428,571 shares authorized, none issued and outstanding at May 31, 2021 and 2020