| Cash and cash equivalents |
5.7M |
| Short-term investment |
| Accounts and other receivables, net of an allowance for doubtful accounts and commission adjustments of $1,317,125 at August 31, 2011, and $1,296,947 at May 31, 2011 |
9.31M |
| Inventories, net |
2.14M |
| Financing receivables, net |
| Deferred commission expense |
| Deferred related party consulting expense - current portion |
| Other current assets |
| Total current assets |
19.89M |
| PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1,635,356 at August 31, 2011, and $1,633,290 at May 31, 2011 |
3.99M |
| DEFERRED DISTRIBUTOR COSTS, net of accumulated amortization of $588,876 at August 31, 2011, and $464,402 at May 31, 2011 |
| FINANCING RECEIVABLES, net |
| DEFERRED RELATED PARTY CONSULTING EXPENSE |
| OTHER ASSETS |
4.43M |
| Total Assets |
51.94M |
| Accounts payable |
4.1M |
| Accrued commissions |
1.42M |
| Accrued expenses and other liabilities |
| Sales tax payable |
643K |
| Deferred revenue - current portion |
7.83M |
| Deferred gain on sale-leaseback of building - current portion |
| Accrued professional fees |
| Trade payable due to related party |
| Total current liabilities |
21.77M |
| Deferred revenue |
10.59M |
| Accrued rent expense |
| Deferred gain on sale-leaseback of building |
| Other long-term liabilities |
1.21M |
| Total long-term liabilities |
17.54M |
| COMMITMENTS AND CONTINGENCIES (NOTE N) |
0 |
| Preferred stock, $.01 par value; 1,000,000 shares authorized; 299,024 issued and outstanding at August 31, 2011 and May 31, 2011 |
0 |
| Common stock, $.001 par value; 250,000,000 shares authorized; 117,253,704 shares at August 31, 2011 and 117,078,704 at May 31, 2011 issued and outstanding |
174K |
| Additional paid-in capital |
62.77M |
| Accumulated deficit |
-48.17M |
| Total stockholders' equity |
| Total Liabilities and Stockholders' Equity |
51.94M |
