v3.24.1.u1

Condensed Consolidated Balance Sheets - USD ($)	Feb. 29, 2024	May 31, 2023
Current Assets:
Cash and cash equivalents	$ 10,627,178	$ 7,382,320
Certificates of deposit and marketable securities	34,440	515,152
Accounts receivable, net of allowance for doubtful accounts of $181,000	10,535,128	12,081,335
Other receivables	53,435	79,618
Prepaid expenses	435,245	248,534
Total Current Assets	21,685,426	20,306,959
Equipment and leasehold improvements, net of accumulated depreciation and amortization of $314,849 and $270,606, respectively	25,356	69,599
Other assets	31,761	48,772
Right-of-use assets	620,391	459,171
Intangible assets, net	1,219,000	1,333,500
Goodwill	785,883	785,883
Deferred income taxes	279,000	344,000
Total Assets	24,646,817	23,347,884
Current Liabilities:
Accounts payable and other payables	1,624,144	1,663,990
Accrued expenses and other current liabilities	3,941,990	3,663,326
Advances from customers	588,496	1,266,993
Income taxes payable	93,867	11,260
Operating lease liabilities - current	188,592	150,167
Total Current Liabilities	6,437,089	6,755,736
Operating lease liabilities, net of current portion	461,478	342,260
Total Liabilities	6,898,567	7,097,996
Commitments and contingencies
Equity:
Preferred stock, $1 par value, authorized 500,000 shares; none issued
Common stock, $.01 par value, authorized 12,500,000 shares; issued 3,348,361 and 3,322,527 shares, 2,169,546 and 2,143,712 shares outstanding, respectively	33,484	33,226
Additional paid-in capital	7,755,331	7,676,742
Retained earnings	23,629,972	22,212,107
Shareholder's equity before treasury stock	31,418,787	29,922,075
Less: Treasury stock, 1,178,815 shares, at cost	13,726,895	13,726,895
Total TSR, Inc. Equity	17,691,892	16,195,180
Noncontrolling interest	56,358	54,708
Total Equity	17,748,250	16,249,888
Total Liabilities and Equity	$ 24,646,817	$ 23,347,884

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

TSR INC 10-Q