v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
Aug. 31, 2026
May 31, 2026
Current Assets:    
Cash and cash equivalents $ 2,733,000 $ 1,308,000
Accounts receivable, net 897,000 785,000
Inventories, net 1,634,000 1,707,000
Prepaid expenses and other current assets 145,000 216,000
Total current assets 5,409,000 4,016,000
Property and equipment, net 68,000 78,000
Operating lease right-of-use assets, net 1,809,000 1,873,000
Investments 500,000 500,000
Intangible assets, net 204,000 209,000
Other assets 81,000 83,000
Total Assets 8,071,000 6,759,000
Current Liabilities:    
Accounts payable and accrued expenses 1,498,000 1,171,000
Accrued compensation 552,000 492,000
Advances from customers 47,000 83,000
Operating lease liabilities, current portion 240,000 235,000
Total current liabilities 2,837,000 2,481,000
Operating lease liabilities, net of current portion 1,586,000 1,648,000
Total Liabilities 4,423,000 4,129,000
Commitments and contingencies (Note 6)  
Shareholders’ Equity:    
Preferred stock, value
Common stock, $0.08 par value; 300,000,000 and 25,000,000 shares authorized, and 4,598,968 and 3,195,263 shares issued and outstanding, as of August 31, 2026 and May 31, 2026, respectively 368,000 255,000
Additional paid-in capital 61,567,000 59,426,000
Accumulated other comprehensive loss (112,000) (108,000)
Accumulated deficit (58,175,000) (56,943,000)
Total Shareholders’ Equity 3,648,000 2,630,000
Total Liabilities and Shareholders’ Equity 8,071,000 6,759,000
Series A Preferred Stock [Member]    
Shareholders’ Equity:    
Preferred stock, value
Related Party [Member]    
Current Liabilities:    
Secured promissory note payable – related party $ 500,000 $ 500,000