| Cash |
| Certificates of deposit-restricted |
13K |
| Accounts receivable, net of allowance of $237 at August 31, 2011 and $272 at May 31, 2011 |
| Accounts receivable-related party |
| Unbilled accounts receivable |
1.39M |
| Inventories, net of reserve of $292 at August 31, 2011 and $286 at May 31, 2011 |
418K |
| Notes receivable |
| Prepaid expenses and other current assets |
321K |
| Total Current Assets |
5.03M |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation of $6,318 at August 31, 2011 and $6,245 at May 31, 2011 |
2.01M |
| GOODWILL |
| INTANGIBLE ASSETS, net of accumulated amortization of $10,170 at August 31, 2011 and $9,925 at May 31, 2011 |
3.34M |
| OTHER |
| TOTAL ASSETS |
10.39M |
| Accounts payable |
3.07M |
| Accrued expenses and other current liabilities |
2.59M |
| Current portion of long-term debt |
3.13M |
| Current portion of trademark purchase obligation |
100K |
| Deferred revenue |
72K |
| Total Current Liabilities |
9.23M |
| Long-term debt, net of current portion |
6.69M |
| Long-term trademark purchase obligation, net of current portion |
0 |
| Total Long Term Liabilities |
7.69M |
| TOTAL LIABILITIES |
16.92M |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) |
0 |
| Common stock, $.001 par value, 70,000,000 shares authorized, 49,916,189 shares issued and 48,739,002 shares outstanding at August 31, 2011 and May 31, 2011 |
51K |
| Additional paid-in capital |
| Treasury stock, 1,177,187 shares held at August 31, 2011 and May 31, 2011 |
-216K |
| Accumulated deficit |
-58.62M |
| Total Shareholders' Deficit |
-6.53M |
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT |
10.39M |
