XML 17 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Cash flows from operating activities:    
Consolidated net income $ 293,005 $ 278,893
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 10,719 11,127
Unrealized gain on marketable securities, net (2,488) (248)
Deferred income taxes 12,000 15,000
Changes in operating assets and liabilities:    
Accounts receivable 638,001 1,169,514
Other receivables (9,684) (5,573)
Prepaid expenses (166,764) (49,003)
Prepaid and recoverable income taxes (55,269)
Accounts and other payables and accrued expenses and other current liabilities (433,567) (98,056)
Income taxes payable (14,810) 54,000
Advances from customers (46,626) (63,808)
Net cash provided by operating activities 224,517 1,311,846
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 1,012,000 996,000
Purchases of marketable securities (995,000) (1,282,000)
Purchases of equipment and leasehold improvements (2,335) (7,609)
Net cash provided by (used in) investing activities 14,665 (293,609)
Cash flows from financing activities:    
Distribution to noncontrolling interest (56,274) (7,800)
Net cash used in financing activities (56,274) (7,800)
Net increase in cash and cash equivalents 182,908 1,010,437
Cash and cash equivalents at beginning of period 4,514,157 3,669,790
Cash and cash equivalents at end of period 4,697,065 4,680,227
Supplemental disclosures of cash flow data:    
Income taxes paid $ 304,000 $ 208,000