Cash and Cash Equivalents

3 Months Ended

Aug. 31, 2019

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents

3. Cash and Cash Equivalents

The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of August 31, 2019 and May 31, 2019:

	August 31, 2019		May 31, 2019
Cash in banks	$	2,508,422	$	3,072,218
Money market funds		304,097		622,771
	$	2,812,519	$	3,694,989