Consolidated Balance Sheets - USD ($)
|
May 31, 2018 |
May 31, 2017 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 2,053,181
|
$ 867,607
|
| Restricted cash |
58,352
|
0
|
| Accounts receivable, net |
2,047,032
|
2,344,373
|
| Inventories |
5,710,888
|
4,204,723
|
| Prepaid expenses |
148,924
|
115,756
|
| Income taxes receivable |
0
|
7,310
|
| Total current assets |
10,018,377
|
7,539,769
|
| Property and equipment, net |
770,915
|
865,224
|
| Other assets |
|
|
| Intangible assets, net |
496,768
|
601,351
|
| TOTAL ASSETS |
11,286,060
|
9,006,344
|
| Current liabilities |
|
|
| Accounts payable |
1,024,256
|
1,101,066
|
| Accrued commissions |
194,797
|
300,234
|
| Accrued payroll liabilities |
188,568
|
360,239
|
| Other accrued liabilities |
358,790
|
267,418
|
| Income taxes payable |
3,993
|
0
|
| Total current liabilities |
1,770,404
|
2,028,957
|
| Commitments and contingencies (Note 4) |
|
|
| Stockholders' equity |
|
|
| Common stock, no par value, 20,000,000 shares authorized, 3,994,545 shares issued and outstanding at May 31, 2018 and 2,995,910 shares issued and outstanding at May 31, 2017 |
13,085,652
|
10,649,287
|
| Accumulated other comprehensive loss |
(536,307)
|
(427,572)
|
| Accumulated deficit |
(3,033,689)
|
(3,244,328)
|
| Total stockholders' equity |
9,515,656
|
6,977,387
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
$ 11,286,060
|
$ 9,006,344
|