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Condensed Consolidated Balance Sheets - USD ($)
Nov. 30, 2016
May 31, 2016
Current Assets:    
Cash and cash equivalents $ 4,697,065 $ 4,514,157
Certificates of deposit and marketable securities 1,538,760 1,553,272
Accounts receivable, net of allowance for doubtful accounts of $185,000 7,065,679 7,703,680
Other receivables 20,537 10,853
Prepaid expenses 218,605 99,069
Prepaid and recoverable income taxes 55,269
Deferred income taxes 118,000 128,000
Total Current Assets 13,713,915 14,009,031
Equipment and leasehold improvements, net of accumulated depreciation and amortization of $272,795 and $262,076 19,614 27,998
Prepaid expenses 47,228
Other assets 49,653 49,653
Deferred income taxes 1,000 3,000
Total Assets 13,831,410 14,089,682
Current Liabilities:    
Accounts and other payables 544,869 723,705
Accrued expenses and other current liabilities 2,379,379 2,634,110
Income taxes payable 14,810
Advances from customers 1,198,937 1,245,563
Total Liabilities 4,123,185 4,618,188
Commitments and contingencies
TSR, Inc.:    
Preferred stock, $1 par value, authorized 500,000 shares; none issued
Common stock, $.01 par value, authorized 12,500,000 shares; issued 3,114,163 shares, 1,962,062 outstanding 31,142 31,142
Additional paid-in capital 5,102,868 5,102,868
Retained earnings 18,085,978 17,811,884
Shareholder's equity before treasury stock 23,219,988 22,945,894
Less: Treasury stock, 1,152,101 shares, at cost 13,514,003 13,514,003
Total TSR, Inc. Equity 9,705,985 9,431,891
Noncontrolling Interest 2,240 39,603
Total Equity 9,708,225 9,471,494
Total Liabilities and Equity $ 13,831,410 $ 14,089,682