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Significant Accounting Policies (Tables)
6 Months Ended
Nov. 30, 2012
Schedule of Inventory, Current [Table Text Block]

 

 

November 30, 2012

 

May 31, 2012

Raw materials

$

913,267

$

896,488

Work in progress

 

571,488

 

553,236

Finished products

 

315,349

 

371,348

Total

$

1,800,104

$

1,821,072

Schedule of Share-based Compensation, Activity [Table Text Block]

 

Number of Options and Warrants

 

 

Employee

 

Non-employee

 

Total

 

Weighted Average Exercise Price

Outstanding May 31,2012

1,004,500

 

--

 

1,004,500

$

0.46

Granted

30,000

 

--

 

30,000

 

0.67

Exercised

(20,000)

 

--

 

(20,000)

 

0.30

Cancelled or expired

(11,000)

 

--

 

(11,000)

 

0.41

Outstanding November 30, 2012

1,003,500

 

--

 

1,003,500

$

0.47

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

Six Months Ended

 

Three Months Ended

 

 

November 30,

 

November 30,

 

 

2012

 

2011

 

2012

 

2011

Numerator:

 

 

 

 

 

 

 

 

Income from continuing operations

 

528,550

 

312,884

 

236,919

 

195,092

Denominator for basic net income per common share

 

6,959,224

 

6,868,339

 

6,966,185

 

6,868,339

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Options and warrants

 

322,978

 

40,041

 

418,954

 

51,957

Denominator for diluted net income per common share

 

7,282,202

 

6,908,380

 

7,385,139

 

6,920,296

Basic net income per common share

$

0.08

$

0.05

$

0.03

$

0.03

Diluted net income per common share

$

0.07

$

0.05

$

0.03

$

0.03