Schmitt Industries (SMIT) 10-Q 10 Oct 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Aug. 31, 2013	Sep. 30, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Aug-13
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	SMIT
Entity Registrant Name	SCHMITT INDUSTRIES INC
Entity Central Index Key	922612
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,990,910

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Aug. 31, 2013	31-May-13
Current assets
Cash and cash equivalents	$1,959,659	$1,909,071
Accounts receivable, net of allowance of $30,835 and $30,576 at August 31, 2013 and May 31, 2013, respectively	2,153,434	1,980,685
Inventories	4,792,460	5,054,087
Prepaid expenses	162,269	219,492
Income taxes receivable	48,752	48,095
Total current assets	9,116,574	9,211,430
Property and equipment
Land	299,000	299,000
Buildings and improvements	1,805,951	1,805,951
Furniture, fixtures and equipment	1,312,371	1,312,028
Vehicles	121,835	121,835
Property, plant and equipment, gross	3,539,157	3,538,814
Less accumulated depreciation and amortization	-2,258,502	-2,203,924
Property, plant and equipment, net	1,280,655	1,334,890
Other assets
Intangible assets, net	1,044,619	1,078,278
TOTAL ASSETS	11,441,848	11,624,598
Current liabilities
Accounts payable	524,276	918,094
Accrued commissions	213,477	273,307
Accrued payroll liabilities	103,900	131,772
Other accrued liabilities	307,548	286,307
Line of credit	400,000	0
Total current liabilities	1,549,201	1,609,480
Stockholders' equity
Common stock, no par value, 20,000,000 shares authorized, 2,990,910 shares issued and outstanding at both August 31, 2013 and May 31, 2013	10,390,012	10,369,524
Accumulated other comprehensive loss	-328,324	-331,924
Accumulated deficit	-169,041	-22,482
Total stockholders' equity	9,892,647	10,015,118
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$11,441,848	$11,624,598

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Aug. 31, 2013	31-May-13
Statement Of Financial Position [Abstract]
Accounts receivable, allowance	$30,835	$30,576
Common stock, par value
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	2,990,910	2,990,910
Common stock, shares outstanding	2,990,910	2,990,910

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Loss (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Income Statement [Abstract]
Net sales	$2,899,447	$3,680,665
Cost of sales	1,568,325	1,806,717
Gross profit	1,331,122	1,873,948
Operating expenses:
General, administration and sales	1,351,702	1,632,815
Research and development	126,764	115,309
Total operating expenses	1,478,466	1,748,124
Operating income (loss)	-147,344	125,824
Other income	3,453	512
Income (loss) before income taxes	-143,891	126,336
Provision for income taxes	2,668	6,188
Net income (loss)	-146,559	120,148
Net earnings (loss) per common share:
Basic	($0.05)	$0.04
Weighted average number of common shares, basic	2,990,910	2,990,910
Diluted	($0.05)	$0.04
Weighted average number of common shares, diluted	2,990,910	3,005,291
Comprehensive loss
Net income (loss)	-146,559	120,148
Foreign currency translation adjustments	3,600	11,373
Total comprehensive income (loss)	($142,959)	$131,521

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Cash flows relating to operating activities
Net income (loss)	($146,559)	$120,148
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	88,237	86,649
Stock based compensation	20,488	22,641
(Increase) decrease in:
Accounts receivable	-167,920	91,809
Inventories	266,220	28,424
Prepaid expenses	57,578	15,978
Income taxes receivable	-657	1,259
Increase (decrease) in:
Accounts payable	-395,461	-53,251
Accrued liabilities and customer deposits	-67,036	33,802
Net cash provided by (used in) operating activities	-345,110	347,459
Cash flows relating to investing activities
Purchase of property and equipment	-343	-55,189
Net cash used in investing activities	-343	-55,189
Cash flows relating to financing activities
Increase in line of credit	400,000	0
Net cash provided by financing activities	400,000	0
Effect of foreign exchange translation on cash	-3,959	-308
Increase in cash and cash equivalents	50,588	291,962
Cash and cash equivalents, beginning of period	1,909,071	2,776,817
Cash and cash equivalents, end of period	1,959,659	3,068,779
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for income taxes	3,325	4,929
Cash paid during the period for interest	$1,733	$0

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (USD $)	Total	Common Stock [Member]	Accumulated other comprehensive loss [Member]	Retained earnings [Member]
Beginning balance at May. 31, 2013	$10,015,118	$10,369,524	($331,924)	($22,482)
Beginning balance, shares at May. 31, 2013		2,990,910
Stock-based compensation	20,488	20,488	0	0
Net loss	-146,559	0	0	-146,559
Other comprehensive income	3,600	0	3,600	0
Ending balance at Aug. 31, 2013	$9,892,647	$10,390,012	($328,324)	($169,041)
Ending balance, shares at Aug. 31, 2013		2,990,910

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Aug. 31, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1:
	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The consolidated financial information included herein has been prepared by Schmitt Industries, Inc. (the Company or Schmitt) and its wholly owned subsidiaries. In the opinion of management, the accompanying unaudited Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly its financial position as of August 31, 2013 and its results of operations and its cash flows for the periods presented. The consolidated balance sheet at May 31, 2013 has been derived from the Annual Report on Form 10-K for the fiscal year ended May 31, 2013. The accompanying unaudited financial statements and related notes should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2013. Operating results for the interim periods presented are not necessarily indicative of the results that may be experienced for the fiscal year ending May 31, 2014.
	Revenue Recognition
	The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfilment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is shipped. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured.
	Financial Instruments
	The carrying value of financial instruments potentially subject to valuation risk (principally consisting of cash and cash equivalents, accounts receivable, accounts payable and the line of credit) approximates fair value because of their short-term maturities.

Inventory

Inventory	3 Months Ended
	Aug. 31, 2013
Inventory Disclosure [Abstract]
Inventory	Note 2:
	INVENTORY
	Inventory is valued at the lower of cost or market with cost determined on the average cost basis. Costs included in inventories consist of materials, labor and manufacturing overhead, which are related to the purchase or production of inventories. Write-downs, when required, are made to reduce excess inventories to their net realizable values. Such estimates are based on assumptions regarding future demand and market conditions. If actual conditions become less favorable than the assumptions used, an additional inventory write-down may be required. As of August 31, 2013 and May 31, 2013, inventories consisted of:
		Aug. 31, 2013		May 31, 2013
	Raw materials	$	2,310,073	$	2,225,295
	Work-in-process		971,649		1,132,534
	Finished goods		1,510,738		1,696,258
		$	4,792,460	$	5,054,087

LINE_OF_CREDIT

LINE OF CREDIT	3 Months Ended
	Aug. 31, 2013
Text Block [Abstract]
LINE OF CREDIT	Note 3:
	LINE OF CREDIT
	In February 2012, the Company extended its bank line of credit secured by U.S. accounts receivable, inventories and general intangibles through March 1, 2014 and raised the lending limit from $1.0 million to $2.0 million. Interest is payable at the bank’s prime rate (3.25% as of August 31, 2013) or LIBOR plus 2.0% (2.18% as of August 31, 2013). The outstanding balance on the line of credit was $400,000 and $0 at August 31, 2013 and May 31, 2013, respectively.

Stock_Options_and_StockBased_C

Stock Options and Stock-Based Compensation	3 Months Ended
	Aug. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Options and Stock-Based Compensation	Note 4:
	STOCK OPTIONS AND STOCK-BASED COMPENSATION
	Stock-based compensation includes expense charges for all stock-based awards to employees and directors granted under the Company’s stock option plan. Stock-based compensation recognized during the period is based on the portion of the grant date fair value of the stock-based award that will vest during the period, adjusted for expected forfeitures. Compensation cost for all stock-based awards is recognized using the straight-line method. The Company uses the Black-Scholes option pricing model as its method of valuation for stock-based awards. The Black-Scholes option pricing model requires the input of highly subjective assumptions, and other reasonable assumptions could provide differing results. These variables include, but are not limited to:
		•		Risk-Free Interest Rate. The Company bases the risk-free interest rate on the implied yield currently available on U.S. Treasury issues with an equivalent remaining term approximately equal to the expected life of the award.
		•		Expected Life. The expected life of awards granted represents the period of time that they are expected to be outstanding. The Company determines the expected life based on historical experience with similar awards, giving consideration to the contractual terms, vesting schedules and pre-vesting and post-vesting forfeitures.
		•		Expected Volatility. The Company estimates the volatility of its common stock at the date of grant based on the historical volatility of its common stock. The volatility factor the Company uses is based on its historical stock prices over the most recent period commensurate with the estimated expected life of the award. These historical periods may exclude portions of time when unusual transactions occurred.
		•		Expected Dividend Yield. The Company does not anticipate paying any cash dividends in the foreseeable future. Consequently, the Company uses an expected dividend yield of zero.
		•		Expected Forfeitures. The Company uses relevant historical data to estimate pre-vesting option forfeitures. The Company records stock-based compensation only for those awards that are expected to vest.
	No stock options were issued during the three months ended August 31, 2013 and 2012.
	At August 31, 2013, the Company had a total of 251,666 outstanding stock options (204,998 vested and exercisable and 46,668 non-vested) with a weighted average exercise price of $3.91. The Company estimates that $41,532 will be recorded as additional stock-based compensation expense for all options that were outstanding as of August 31, 2013, but which were not yet vested.
	Outstanding Options												Exercisable Options
	Number of					Weighted					Weighted			Number of				Weighted
	Shares					Average					Average			Shares				Average
						Exercise Price					Remaining							Exercise Price
											Contractual
											Life (yrs)
			41,666				$	2.3				0.8			41,666				$	2.3
			25,000					2.9				9.6			0					N/A
			130,000					3.65				7.8			108,332					3.65
			5,000					5.8				2.2			5,000					5.8
			50,000					6.25				4.8			50,000					6.25
			251,666					3.91				6.1			204,998					4.06
	Options granted, exercised, and forfeited or canceled under the Company’s stock option plan during the three months ended August 31, 2013 and 2012 are summarized as follows:
			Three Months Ended									Three Months Ended
			August 31, 2013									August 31, 2012
			Number					Weighted				Number			Weighted
			of Shares					Average				of Shares			Average
								Exercise Price							Exercise Price
	Options outstanding - beginning of period				301,666				$	4.06			281,666			$	4.16
	Options granted				0					0			0				0
	Options exercised				0					0			0				0
	Options forfeited/canceled				(50,000	)				4.82			0				0
	Options outstanding - end of period				251,666					3.91			281,666				4.16

EPS_Reconciliation

EPS Reconciliation	3 Months Ended
	Aug. 31, 2013
Earnings Per Share [Abstract]
EPS Reconciliation	Note 5:
	EPS RECONCILIATION
		Three Months Ended
		August 31,
		2013		2012
	Weighted average shares (basic)		2,990,910		2,990,910
	Effect of dilutive stock options		0		14,381
	Weighted average shares (diluted)		2,990,910		3,005,291
	Basic earnings (loss) per share is computed using the weighted average number of common shares outstanding. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding, adjusted for dilutive incremental shares attributed to outstanding options to purchase common stock. Common stock equivalents for stock options are computed using the treasury stock method. In periods in which a net loss is incurred, no common stock equivalents are included since they are antidilutive and as such all stock options outstanding are excluded from the computation of diluted net loss in those periods.

Income_Taxes

Income Taxes	3 Months Ended
	Aug. 31, 2013
Income Tax Disclosure [Abstract]
Income Taxes	Note 6:
	INCOME TAXES
	The Company accounts for income taxes using the asset and liability method. This approach requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Each year the Company files income tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the taxing authorities. Positions challenged by the taxing authorities may be settled or appealed by the Company. As a result, there is an uncertainty in income taxes recognized in the Company’s financial statements in accordance with ASC Topic 740. The Company applies this guidance by defining criteria that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, de-recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure, and transition.
	On June 1, 2007, the Company adopted the provisions of ACS Topic 740. Other long-term liabilities related to tax contingencies were $0 as of both August 31, 2013 and May 31, 2013. Interest and penalties associated with uncertain tax positions are recognized as components of the “Provision for income taxes.” The liability for payment of interest and penalties was $0 as of both August 31, 2013 and May 31, 2013.
	Several tax years are subject to examination by major tax jurisdictions. In the United States, federal tax years for Fiscal 2010 and after are subject to examination. In the United Kingdom, tax years for Fiscal 2012 and after are subject to examination. In Canada, tax years for Fiscal 2005 and after are subject to examination.
	Effective Tax Rate
	The effective tax rate on consolidated net income was 1.6% for the three months ended August 31, 2013. The effective tax rate on consolidated net income differs from the federal statutory tax rate primarily due to the amount of income from foreign jurisdictions, changes in the deferred tax valuation allowance and certain expenses not being deductible for income tax reporting purposes offset by tax credits related to research and experimentation expenses. Management believes the effective tax rate for Fiscal 2014 will be approximately 6.6% due to the items noted above.

Segments_of_Business

Segments of Business	3 Months Ended
	Aug. 31, 2013
Segment Reporting [Abstract]
Segments of Business	Note 7:
	SEGMENTS OF BUSINESS
	The Company has two reportable business segments: dynamic balancing and process control systems for the machine tool industry (Balancer) and laser and ultrasonic-based test and measurement systems (Measurement). The Company operates in three principal geographic markets: North America, Europe and Asia.
	Segment Information
		Three Months Ended August 31,
		2013						2012
		Balancer			Measurement			Balancer			Measurement
	Gross sales	$	2,168,571		$	1,010,817		$	2,433,704		$	1,432,366
	Intercompany sales		(266,756	)		(13,185	)		(170,681	)		(14,724	)
	Net sales	$	1,901,815		$	997,632		$	2,263,023		$	1,417,642
	Operating income (loss)	$	(113,195	)	$	(34,149	)	$	92,859		$	32,965
	Depreciation expense	$	37,956		$	16,622		$	34,962		$	18,028
	Amortization expense	$	0		$	33,659		$	0		$	33,659
	Capital expenditures	$	343		$	0		$	39,830		$	15,359
	Geographic Information-Net Sales by Geographic Area
		Three Months Ended August 31,
		2013			2012
	North America	$	1,880,852		$	2,391,221
	Europe		309,131			290,505
	Asia		677,785			927,071
	Other markets		31,679			71,868
	Total Net Sales	$	2,899,447		$	3,680,665
		Three Months Ended August 31,
		2013						2012
		United States			Europe			United States			Europe
	Operating income (loss)	$	(129,592	)	$	(17,752	)	$	151,110		$	(25,286	)
	Depreciation expense	$	54,578		$	0		$	52,990		$	0
	Amortization expense	$	33,659		$	0		$	33,659		$	0
	Capital expenditures	$	343		$	0		$	55,189		$	0
	Note – Europe is defined as the European subsidiary, Schmitt Europe, Ltd.
	Segment and Geographic Assets
		August 31, 2013			May 31, 2013
	Segment assets to total assets
	Balancer	$	5,222,044		$	5,489,976
	Measurement		4,211,394			4,177,456
	Corporate assets		2,008,410			1,957,166
	Total assets	$	11,441,848		$	11,624,598
	Geographic assets to long-lived assets
	United States	$	1,280,655		$	1,334,890
	Europe		0			0
	Total assets	$	1,280,655		$	1,334,890
	Geographic assets to total assets
	United States	$	10,594,889		$	11,021,901
	Europe		846,959			602,697
	Total assets	$	11,441,848		$	11,624,598

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 31, 2013
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
	The consolidated financial information included herein has been prepared by Schmitt Industries, Inc. (the Company or Schmitt) and its wholly owned subsidiaries. In the opinion of management, the accompanying unaudited Consolidated Financial Statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly its financial position as of August 31, 2013 and its results of operations and its cash flows for the periods presented. The consolidated balance sheet at May 31, 2013 has been derived from the Annual Report on Form 10-K for the fiscal year ended May 31, 2013. The accompanying unaudited financial statements and related notes should be read in conjunction with the audited financial statements included in our Annual Report on Form 10-K for the fiscal year ended May 31, 2013. Operating results for the interim periods presented are not necessarily indicative of the results that may be experienced for the fiscal year ending May 31, 2014.
Revenue Recognition	Revenue Recognition
	The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfilment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is shipped. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured.
Financial Instruments	Financial Instruments
	The carrying value of financial instruments potentially subject to valuation risk (principally consisting of cash and cash equivalents, accounts receivable, accounts payable and the line of credit) approximates fair value because of their short-term maturities.

Inventory_Tables

Inventory (Tables)	3 Months Ended
	Aug. 31, 2013
Inventory Disclosure [Abstract]
Schedule of Inventories	As of August 31, 2013 and May 31, 2013, inventories consisted of:
		Aug. 31, 2013		May 31, 2013
	Raw materials	$	2,310,073	$	2,225,295
	Work-in-process		971,649		1,132,534
	Finished goods		1,510,738		1,696,258
		$	4,792,460	$	5,054,087

Stock_Options_and_StockBased_C1

Stock Options and Stock-Based Compensation (Tables)	3 Months Ended
	Aug. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Outstanding Stock Options	The Company estimates that $41,532 will be recorded as additional stock-based compensation expense for all options that were outstanding as of August 31, 2013, but which were not yet vested.
	Outstanding Options										Exercisable Options
	Number of			Weighted					Weighted			Number of				Weighted
	Shares			Average					Average			Shares				Average
				Exercise Price					Remaining							Exercise Price
									Contractual
									Life (yrs)
		41,666			$	2.3				0.8			41,666				$	2.3
		25,000				2.9				9.6			0					N/A
		130,000				3.65				7.8			108,332					3.65
		5,000				5.8				2.2			5,000					5.8
		50,000				6.25				4.8			50,000					6.25
		251,666				3.91				6.1			204,998					4.06
Schedule of Options Granted, Exercised, and Forfeited or Canceled	Options granted, exercised, and forfeited or canceled under the Company’s stock option plan during the three months ended August 31, 2013 and 2012 are summarized as follows:
		Three Months Ended								Three Months Ended
		August 31, 2013								August 31, 2012
		Number				Weighted				Number			Weighted
		of Shares				Average				of Shares			Average
						Exercise Price							Exercise Price
	Options outstanding - beginning of period		301,666				$	4.06			281,666			$	4.16
	Options granted		0					0			0				0
	Options exercised		0					0			0				0
	Options forfeited/canceled		(50,000	)				4.82			0				0
	Options outstanding - end of period		251,666					3.91			281,666				4.16

EPS_Reconciliation_Tables

EPS Reconciliation (Tables)	3 Months Ended
	Aug. 31, 2013
Earnings Per Share [Abstract]
Schedule of Earnings per Share
		Three Months Ended
		August 31,
		2013		2012
	Weighted average shares (basic)		2,990,910		2,990,910
	Effect of dilutive stock options		0		14,381
	Weighted average shares (diluted)		2,990,910		3,005,291

Segments_of_Business_Tables

Segments of Business (Tables)	3 Months Ended
	Aug. 31, 2013
Segment Reporting [Abstract]
Segment Information	Segment Information
		Three Months Ended August 31,
		2013						2012
		Balancer			Measurement			Balancer			Measurement
	Gross sales	$	2,168,571		$	1,010,817		$	2,433,704		$	1,432,366
	Intercompany sales		(266,756	)		(13,185	)		(170,681	)		(14,724	)
	Net sales	$	1,901,815		$	997,632		$	2,263,023		$	1,417,642
	Operating income (loss)	$	(113,195	)	$	(34,149	)	$	92,859		$	32,965
	Depreciation expense	$	37,956		$	16,622		$	34,962		$	18,028
	Amortization expense	$	0		$	33,659		$	0		$	33,659
	Capital expenditures	$	343		$	0		$	39,830		$	15,359
Geographic Information-Net Sales by Geographic Area	Geographic Information-Net Sales by Geographic Area
		Three Months Ended August 31,
		2013			2012
	North America	$	1,880,852		$	2,391,221
	Europe		309,131			290,505
	Asia		677,785			927,071
	Other markets		31,679			71,868
	Total Net Sales	$	2,899,447		$	3,680,665
Segment Information of Operating Income (Loss) and Expenditure by Geographic Areas
		Three Months Ended August 31,
		2013						2012
		United States			Europe			United States			Europe
	Operating income (loss)	$	(129,592	)	$	(17,752	)	$	151,110		$	(25,286	)
	Depreciation expense	$	54,578		$	0		$	52,990		$	0
	Amortization expense	$	33,659		$	0		$	33,659		$	0
	Capital expenditures	$	343		$	0		$	55,189		$	0
Segment and Geographic Assets	Segment and Geographic Assets
		August 31, 2013			May 31, 2013
	Segment assets to total assets
	Balancer	$	5,222,044		$	5,489,976
	Measurement		4,211,394			4,177,456
	Corporate assets		2,008,410			1,957,166
	Total assets	$	11,441,848		$	11,624,598
	Geographic assets to long-lived assets
	United States	$	1,280,655		$	1,334,890
	Europe		0			0
	Total assets	$	1,280,655		$	1,334,890
	Geographic assets to total assets
	United States	$	10,594,889		$	11,021,901
	Europe		846,959			602,697
	Total assets	$	11,441,848		$	11,624,598

Inventory_Schedule_of_Inventor

Inventory - Schedule of Inventories (Detail) (USD $)	Aug. 31, 2013	31-May-13
Inventory Net [Abstract]
Raw materials	$2,310,073	$2,225,295
Work-in-process	971,649	1,132,534
Finished goods	1,510,738	1,696,258
Inventory Net	$4,792,460	$5,054,087

Line_of_Credit_Additional_Info

Line of Credit - Additional Information (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	31-May-13
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	$1,000,000
Line of credit facility, increased borrowing capacity	2,000,000
Bank's prime rate	3.25%
Interest rate description	LIBOR plus 2.0%
LIBOR plus rate	2.00%
Line of credit facility, amount outstanding	$400,000	$0
LIBOR Plus Rate [Member]
Line of Credit Facility [Line Items]
LIBOR plus rate	2.18%

Stock_Options_and_StockBased_C2

Stock Options and Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	31-May-13	Aug. 31, 2012	31-May-12
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected dividend rate	0.00%
Outstanding stock options, total	251,666	301,666	281,666	281,666
Vested and exercisable stock options	204,998
Non-vested shares	46,668
Weighted average exercise price	$3.91	$4.06	$4.16	$4.16
Additional stock-based compensation expense	$41,532

Stock_Options_and_StockBased_C3

Stock Options and Stock-Based Compensation - Schedule of Outstanding Stock Options (Detail) (USD $)	Aug. 31, 2013	31-May-13	Aug. 31, 2012	31-May-12	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013	Aug. 31, 2013
					Options 1 [Member]	Options 2 [Member]	Options 3 [Member]	Options 4 [Member]	Options 5 [Member]	Options 6 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Outstanding Options	251,666	301,666	281,666	281,666	41,666	25,000	130,000	5,000	50,000	251,666
Weighted Average Exercise Price, Outstanding Options	$3.91	$4.06	$4.16	$4.16	$2.30	$2.90	$3.65	$5.80	$6.25	$3.91
Weighted Average Remaining Contractual Life (yrs), Outstanding Options					9 months 18 days	9 years 7 months 6 days	7 years 9 months 18 days	2 years 2 months 12 days	4 years 9 months 18 days	6 years 1 month 6 days
Exercisable Options, Number of Shares	204,998				41,666	0	108,332	5,000	50,000	204,998
Exercisable Options, Weighted Average Exercise Price					$2.30		$3.65	$5.80	$6.25	$4.06

Stock_Options_and_StockBased_C4

Stock Options and Stock-Based Compensation - Schedule of Options Granted, Exercised, and Forfeited or Canceled (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Options outstanding - beginning of period	301,666	281,666
Number of Shares, Options granted	0	0
Number of Shares, Options exercised	0	0
Number of Shares, Options forfeited/canceled	-50,000	0
Number of Shares, Options outstanding - end of period	251,666	281,666
Weighted Average Exercise Price, Options outstanding - beginning of period	$4.06	$4.16
Weighted Average Exercise Price, Options granted	$0	$0
Weighted Average Exercise Price, Options exercised	$0	$0
Weighted Average Exercise Price, Options forfeited/canceled	$4.82	$0
Weighted Average Exercise Price, Options outstanding - end of the period	$3.91	$4.16

EPS_Reconciliation_Schedule_of

EPS Reconciliation - Schedule of Earnings per Share (Detail)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Earnings Per Share [Abstract]
Weighted average shares (basic)	2,990,910	2,990,910
Effect of dilutive stock options	0	14,381
Weighted average shares (diluted)	2,990,910	3,005,291

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	31-May-13
Income Tax [Line Items]
Other long-term liabilities related to tax contingencies	$0	$0
Liability for payment of interest and penalties	$0	$0
Effective tax rate on consolidated net income	1.60%
Effective tax rate for Fiscal 2014	6.60%
Domestic Tax Authority [Member]
Income Tax [Line Items]
Income tax examination period under examination	In the United States, federal tax years for Fiscal 2010 and after are subject to examination.
Foreign Tax Authority [Member]
Income Tax [Line Items]
Income tax examination period under examination	In the United Kingdom, tax years for Fiscal 2012 and after are subject to examination.
Canada [Member]
Income Tax [Line Items]
Income tax examination period under examination	In Canada, tax years for Fiscal 2005 and after are subject to examination.

Segments_of_Business_Segment_I

Segments of Business - Segment Information (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Segment Reporting Information [Line Items]
Net sales	$2,899,447	$3,680,665
Operating income (loss)	-147,344	125,824
Balancer [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Gross sales	2,168,571	2,433,704
Net sales	1,901,815	2,263,023
Operating income (loss)	-113,195	92,859
Depreciation expense	37,956	34,962
Amortization expense	0	0
Capital expenditures	343	39,830
Balancer [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Intercompany sales	-266,756	-170,681
Measurement [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Gross sales	1,010,817	1,432,366
Net sales	997,632	1,417,642
Operating income (loss)	-34,149	32,965
Depreciation expense	16,622	18,028
Amortization expense	33,659	33,659
Capital expenditures	0	15,359
Measurement [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Intercompany sales	($13,185)	($14,724)

Segments_of_Business_Geographi

Segments of Business - Geographic Information-Net Sales by Geographic Area (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	$2,899,447	$3,680,665
Reportable Geographical Components [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	2,899,447	3,680,665
Reportable Geographical Components [Member] | North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	1,880,852	2,391,221
Reportable Geographical Components [Member] | Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	309,131	290,505
Reportable Geographical Components [Member] | Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	677,785	927,071
Reportable Geographical Components [Member] | Other markets [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Total Net Sales	$31,679	$71,868

Segments_of_Business_Segment_I1

Segments of Business - Segment Information of Operating Income (Loss) and Expenditure by Geographic Areas (Detail) (USD $)	3 Months Ended
	Aug. 31, 2013	Aug. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating income (loss)	($147,344)	$125,824
United States [Member] | Reportable Geographical Components [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating income (loss)	-129,592	151,110
Depreciation expense	54,578	52,990
Amortization expense	33,659	33,659
Capital expenditures	343	55,189
Europe [Member] | Reportable Geographical Components [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating income (loss)	-17,752	-25,286
Depreciation expense	0	0
Amortization expense	0	0
Capital expenditures	$0	$0

Segments_of_Business_Segment_a

Segments of Business - Segment and Geographic Assets (Detail) (USD $)	Aug. 31, 2013	31-May-13
Segment Reporting Information [Line Items]
Segment assets to total assets	$11,441,848	$11,624,598
Geographic assets to long-lived assets	1,280,655	1,334,890
Geographic assets to total assets	11,441,848	11,624,598
Operating Segments [Member] | United States [Member]
Segment Reporting Information [Line Items]
Geographic assets to long-lived assets	1,280,655	1,334,890
Geographic assets to total assets	10,594,889	11,021,901
Operating Segments [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Geographic assets to long-lived assets	0	0
Geographic assets to total assets	846,959	602,697
Operating Segments [Member] | Balancer [Member]
Segment Reporting Information [Line Items]
Segment assets to total assets	5,222,044	5,489,976
Operating Segments [Member] | Measurement [Member]
Segment Reporting Information [Line Items]
Segment assets to total assets	4,211,394	4,177,456
Operating Segments [Member] | Corporate assets [Member]
Segment Reporting Information [Line Items]
Segment assets to total assets	$2,008,410	$1,957,166