TSR (TSRI) 10-K 4 Aug 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	31-May-14	Jul. 31, 2014	Nov. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'TSR INC	'	'
Entity Central Index Key	'0000098338	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--05-31	'	'
Document Type	'10-K	'	'
Document Period End Date	31-May-14	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2014	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$3,584,000
Entity Common Stock, Shares Outstanding	'	1,962,062	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	31-May-14	31-May-13
Current Assets:	'	'
Cash and cash equivalents	$2,841,967	$1,881,161
Certificates of deposit and marketable securities	1,514,856	2,008,424
Accounts receivable:	'	'
Trade, net of allowance for doubtful accounts of $193,000 in 2014 and 2013	8,790,338	9,146,283
Other	9,330	5,016
Accounts receivable, net	8,799,668	9,151,299
Prepaid expenses	74,188	70,926
Prepaid and recoverable income taxes	32,159	208,579
Deferred income taxes	86,000	86,000
Total Current Assets	13,348,838	13,406,389
Equipment and leasehold improvements, at cost:	'	'
Equipment	88,747	70,822
Furniture and fixtures	111,107	111,107
Automobiles	19,665	19,665
Leasehold improvements	60,058	60,058
Equipment and leasehold improvements, at cost, Gross	279,577	261,652
Less accumulated depreciation and amortization	245,482	244,868
Equipment and leasehold improvements, at cost, Net	34,095	16,784
Other assets	49,653	49,653
Deferred income taxes	130,000	146,000
Total Assets	13,562,586	13,618,826
Current Liabilities:	'	'
Accounts and other payables	929,404	852,228
Accrued expenses and other current liabilities:	'	'
Salaries, wages and commissions	2,124,671	2,305,201
Other	96,487	83,805
Accrued expenses and other current liabilities, net	2,221,158	2,389,006
Advances from customers	1,491,946	1,448,255
Total Current Liabilities	4,642,508	4,689,489
Commitments and Contingencies	'	'
Equity:	'	'
Preferred stock, $1.00 par value, authorized 500,000 shares; none issued	'	'
Common stock, $0.01 par value, authorized 12,500,000 shares; issued 3,114,163 shares; 1,962,062 outstanding	31,142	31,142
Additional paid-in capital	5,102,868	5,102,868
Retained earnings	17,219,947	17,305,883
Shareholder's equity before treasury stock	22,353,957	22,439,893
Less: treasury stock, 1,152,101 shares, at cost	13,514,003	13,514,003
Total TSR, Inc. Equity	8,839,954	8,925,890
Noncontrolling Interest	80,124	3,447
Total Equity	8,920,078	8,929,337
Total Liabilities and Equity	$13,562,586	$13,618,826

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	31-May-14	31-May-13
Balance Sheets [Abstract]	'	'
Allowance for doubtful accounts related to accounts receivable	$193,000	$193,000
Preferred stock, par value	$1	$1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	12,500,000	12,500,000
Common stock, shares issued	3,114,163	3,114,163
Common stock, shares outstanding	1,962,062	1,962,062
Treasury stock, shares	1,152,101	1,152,101

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	31-May-14	31-May-13
Statements Of Operations [Abstract]	'	'
Revenue, net	$49,529,867	$44,913,649
Cost of sales	41,251,638	37,548,691
Selling, general and administrative expenses	8,253,061	8,080,713
Cost and expenses, total	49,504,699	45,629,404
Income (loss) from operations	25,168	-715,755
Other income (expense):	'	'
Interest and dividend income	6,288	13,833
Unrealized gain (loss) from marketable securities, net	2,432	-1,248
Other income (expense), total	8,720	12,585
Income (loss) before income taxes	33,888	-703,170
Provision (benefit) for income taxes	17,000	-214,000
Consolidated net income (loss)	16,888	-489,170
Less: Net income attributable to noncontrolling interest	102,824	30,958
Net loss attributable to TSR, Inc.	($85,936)	($520,128)
Net loss per TSR, Inc. common share	($0.04)	($0.26)
Weighted average number of common shares outstanding	1,962,062	1,971,484

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Total	Common Stock	Additional paid-in capital	Retained earnings	Treasury stock	TSR, Inc. equity	Non-controlling Interest
Beginning Balance at May. 31, 2012	$12,519,292	$31,142	$5,102,868	$20,796,104	($13,432,092)	$12,498,022	$21,270
Beginning Balance, shares at May. 31, 2012	'	3,114,163	'	'	'	'	'
Purchases of treasury stock	-81,911	'	'	'	-81,911	-81,911	'
Cash dividend paid	-2,970,093	'	'	-2,970,093	'	-2,970,093	'
Net income attributable to noncontrolling interest	30,958	'	'	'	'	'	30,958
Distribution to noncontrolling interest	-48,781	'	'	'	'	'	-48,781
Net loss attributable to TSR, Inc.	-520,128	'	'	-520,128	'	-520,128	'
Balance at May. 31, 2013	8,929,337	31,142	5,102,868	17,305,883	-13,514,003	8,925,890	3,447
Beginning Balance, shares at May. 31, 2013	'	3,114,163	'	'	'	'	'
Net income attributable to noncontrolling interest	102,824	'	'	'	'	'	102,824
Distribution to noncontrolling interest	-26,147	'	'	'	'	'	-26,147
Net loss attributable to TSR, Inc.	-85,936	'	'	-85,936	'	-85,936	'
Balance at May. 31, 2014	$8,920,078	$31,142	$5,102,868	$17,219,947	($13,514,003)	$8,839,954	$80,124
Balance, shares at May. 31, 2014	'	3,114,163	'	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	31-May-14	31-May-13
Cash flows from operating activities:	'	'
Consolidated net income (loss)	$16,888	($489,170)
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	15,723	12,198
Unrealized loss (gain) from marketable securities, net	-2,432	1,248
Deferred income taxes	16,000	-99,000
Changes in operating assets and liabilities:	'	'
Accounts receivable-trade	355,945	-417,614
Other receivables	-4,314	-2,274
Prepaid expenses	-3,262	26,816
Prepaid and recoverable income taxes	176,420	-112,061
Accounts and other payables and accrued expenses and other current liabilities	-90,672	78,614
Advances from customers	43,691	-34,397
Net cash provided by (used in) operating activities	523,987	-1,035,640
Cash flows from investing activities:	'	'
Proceeds from maturities of marketable securities	2,983,000	3,491,267
Purchases of marketable securities	-2,487,000	-4,980,267
Purchases of equipment and leasehold improvements	-33,034	-8,163
Net cash provided by (used in) investing activities	462,966	-1,497,163
Cash flows from financing activities:	'	'
Cash dividend paid	'	-2,970,093
Distributions to noncontrolling interest	-26,147	-48,781
Purchases of treasury stock	'	-81,911
Net cash used in financing activities	-26,147	-3,100,785
Net increase (decrease) in cash and cash equivalents	960,806	-5,633,588
Cash and cash equivalents at beginning of year	1,881,161	7,514,749
Cash and cash equivalents at end of year	2,841,967	1,881,161
Supplemental disclosures of cash flow data:	'	'
Income taxes paid	$27,000	$16,000

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	31-May-14
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	-1	Summary of Significant Accounting Policies
		(a)	Business, Nature of Operations and Customer Concentrations
	TSR, Inc. and Subsidiaries (the “Company”) are primarily engaged in providing contract computer programming services to commercial customers located primarily in the Metropolitan New York area. The Company provides its customers with technical computer personnel to supplement their in-house information technology capabilities. In fiscal 2014, three customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 42.5%. The largest of these constituted 16.6% of consolidated revenue. In fiscal 2013, four customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 52.1%. The largest of these constituted 16.1% of consolidated revenue. The accounts receivable balances associated with the Company’s largest customers were $2,100,000 and $1,920,000 at May 31, 2014 and 2013, respectively. The Company operates in one business segment, computer programming services.
		(b)	Principles of Consolidation
	The consolidated financial statements include the accounts of TSR, Inc. and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
		(c)	Revenue Recognition
	The Company’s contract computer programming services are generally provided under time and materials arrangements with its customers. Revenue is recognized in accordance with Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition”, when persuasive evidence of an arrangement exists, the services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. These conditions occur when a customer agreement is effected and the consultant performs the authorized services. Revenue is recorded net of all discounts and processing fees. Advances from customers represent amounts received from customers prior to the Company’s completion of the related services and credit balances from overpayments.
	Reimbursements received by the Company for out-of-pocket expenses are characterized as revenue.
		(d)	Cash and Cash Equivalents
	The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of May 31, 2014 and 2013:
				2014		2013
		Cash in banks		$	2,279,148	$	1,562,939
		Money market funds			562,819		318,222
				$	2,841,967	$	1,881,161
		(e)	Certificates of Deposit and Marketable Securities
	The Company has characterized its investments in marketable securities, based on the priority of the inputs used to value the investments, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1), and lowest priority to unobservable inputs (Level 3). If the inputs used to measure the investments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
	Investments recorded in the accompanying consolidated balance sheets are categorized based on the inputs to valuation techniques as follows:
		Level 1-	These are investments where values are based on unadjusted quoted prices for identical assets in an active market the Company has the ability to access.
		Level 2-	These are investments where values are based on quoted market prices that are not active or model derived valuations in which all significant inputs are observable in active markets.
		Level 3-	These are investments where values are derived from techniques in which one or more significant inputs are unobservable.
	The following are the major categories of assets measured at fair value on a recurring basis as of May 31, 2014 and 2013 using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):
		31-May-14		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,493,000	$	-	$	1,493,000
		Equity securities			21,856		-		-		21,856
				$	21,856	$	1,493,000	$	-	$	1,514,856
		31-May-13		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,989,000	$	-	$	1,989,000
		Equity securities			19,424		-		-		19,424
				$	19,424	$	1,989,000	$	-	$	2,008,424
	Based upon the Company’s intent and ability to hold its certificates of deposits to maturity (which maturities range up to twenty-four months at purchase), such securities have been classified as held-to-maturity and are carried at amortized cost, which approximates market value. The Company’s equity securities are classified as trading securities, which are carried at fair value, as determined by quoted market prices, which is a Level 1 input, as established by the fair value hierarchy. The related unrealized gains and losses are included in earnings. The Company’s marketable securities at May 31, 2014 and 2013 are summarized as follows:
				Amortized		Gross		Gross		Recorded
				Cost		Unrealized		Unrealized		Value
						Holding		Holding
						Gains		Losses
		Current
		2014: Certificates of deposit		$	1,493,000	$	-	$	-	$	1,493,000
		Equity securities			16,866		4,990		-		21,856
				$	1,509,866	$	4,990	$	-	$	1,514,856
		Current
		2013: Certificates of deposit		$	1,989,000	$	-	$	-	$	1,989,000
		Equity securities			16,866		2,558		-		19,424
				$	2,005,866	$	2,558	$	-	$	2,008,424
	The Company’s investments in marketable securities consist primarily of investments in certificates of deposit and equity securities. Market values were determined for each individual security in the investment portfolio. When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, and the Company’s ability and intent to hold the investment for a period of time, which may be sufficient for anticipated recovery in market values.
		(f)	Accounts Receivable and Credit Policies:
	The carrying amount of accounts receivable is reduced by a valuation allowance that reflects management’s best estimate of the amounts that will not be collected. In addition to reviewing delinquent accounts receivable, management considers many factors in estimating its general allowance, including historical data, experience, customer types, creditworthiness and economic trends. From time to time, management may adjust its assumptions for anticipated changes in any of those or other factors expected to affect collectability.
		(g)	Depreciation and Amortization
	Depreciation and amortization of equipment and leasehold improvements has been computed using the straight-line method over the following useful lives:
	Equipment		3 years
	Furniture and fixtures		3 years
	Automobiles		3 years
	Leasehold improvements		Lesser of lease term or useful life
		(h)	Net Loss Per Common Share
	Basic net loss per common share is computed by dividing loss available to common stockholders of TSR, Inc. by the weighted average number of common shares outstanding. The Company had no stock options or other common stock equivalents outstanding during the fiscal years ended May 31, 2014 or 2013.
		(i)	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial reporting and tax bases of the Company’s assets and liabilities at enacted rates expected to be in effect when such amounts are realized or settled. The effect of enacted tax law or rate changes is reflected in income in the period of enactment.
		(j)	Fair Value of Financial Instruments
	ASC Topic 825, “Financial Instruments”, requires disclosure of the fair value of certain financial instruments. For cash and cash equivalents, accounts receivable, accounts and other payables, accrued liabilities and advances from customers, the amounts presented in the consolidated financial statements approximate fair value because of the short-term maturities of these instruments.
		(k)	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to provisions for doubtful accounts receivable and assessments of the recoverability of the Company’s deferred tax assets. Actual results could differ from those estimates.
		(l)	Long-Lived Assets
	The Company reviews its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected cash flows undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized for the amount by which the carrying amount of the asset exceeds its fair value.
		(m)	Impact of New Accounting Standards
	The Company is not aware of any new accounting pronouncements that would have a material impact on its consolidated financial statements.
	(n)	Credit Risk
Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, certificates of deposit, marketable securities and accounts receivable. The Company places its cash equivalents with high-credit quality financial institutions and brokerage houses. The Company has substantially all of its cash in four bank accounts. At times, such amounts may exceed Federally insured limits. The Company holds its marketable securities in brokerage accounts. The Company has not experienced losses in any such accounts. The Company’s accounts receivable represent approximately 56 accounts with open balances of which, the largest customer, as a percentage of revenue, consisted of 23.9% of the net accounts receivable balance at May 31, 2014.

Income_Taxes

Income Taxes	12 Months Ended
	31-May-14
Income Taxes [Abstract]	'
Income Taxes	'
	-2	Income Taxes
	A reconciliation of the provision (benefit) for income taxes computed at the Federal statutory rates for fiscal 2014 and 2013 to the reported amounts is as follows:
			2014						2013
			Amount				%			Amount			%
		Amounts at statutory Federal tax rate	$	11,500			34	%		$	(239,000	)	(34.0	)%
		Noncontrolling interest		(35,000	)		(103.3	)			(11,000	)	(1.5	)
		State and local taxes, net of Federal income tax effect		22,000			64.9				17,000		2.4
		Non-deductible expenses and other		18,500			54.6				19,000		2.7
			$	17,000			50.2	%		$	(214,000	)	(30.4	)%
	The components of the provision (benefit) for income taxes are as follows:
			Federal			State				Total
		2014:      Current	$	(29,000	)	$	30,000			$	1,000
		Deferred		13,000			3,000				16,000
			$	(16,000	)	$	33,000			$	17,000
		2013:      Current	$	(140,000	)	$	25,000			$	(115,000	)
		Deferred		(100,000	)		1,000				(99,000	)
			$	(240,000	)	$	26,000			$	(214,000	)
	The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets at May 31, 2014 and 2013 are as follows:
			2014			2013
		Allowance for doubtful accounts receivable	$	86,000		$	86,000
		Net operating loss carryforward		103,000			103,000
		Equipment and leasehold improvement depreciation and amortization.		11,000			23,000
		Acquired client relationships.		16,000			20,000
		Total deferred income tax assets	$	216,000		$	232,000
	The Company believes that it is more likely than not that it will realize the benefits of its deferred tax assets based primarily on the Company’s history of and projections for taxable income in the future. The gross net operating loss carryforward from fiscal 2013 is approximately $303,000 and will expire in 2033.
	The Company has no unrecognized tax benefits at May 31, 2014 and 2013. The Company’s Federal and state income tax returns prior to fiscal year 2011 are closed.
	The Company recognizes interest and penalties associated with tax matters as selling, general and administrative expenses and includes accrued interest and penalties with accrued and other liabilities in the consolidated balance sheets.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	31-May-14
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	-3	Commitments and Contingencies
	A summary of noncancellable long-term operating lease commitments for facilities as of May 31, 2014 follows:
	Fiscal Year		Amount
		2015	$	351,000
		2016		324,000
		2017		308,000
		2018		143,000
		2019		107,000
		Total	$	1,233,000
	Total rent expenses under all lease agreements amounted to $322,000 and $391,000 in fiscal 2014 and 2013, respectively.
	The Company has entered into employment agreements with two of its officers expiring through 2017. The total remaining payments under these agreements is $1,025,000 at May 31, 2014.
	From time to time, the Company is party to various lawsuits, some involving substantial amounts. Management is not aware of any lawsuits that would have a material adverse impact on the consolidated financial position of the Company.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	31-May-14
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	-4	Stockholders’ Equity
	During the year ended May 31, 2014, the Company did not purchase any of its common stock on the open market under the previously announced plan. During the year ended May 31, 2013, the Company purchased a total of 21,600 shares of its common stock on the open market in various transactions for $81,911 under the previously announced plan. As of May 31, 2014, 56,318 shares remain available for purchase under the plan.
	On November 30, 2012, the Company paid a special one-time cash dividend of $1.50 per common share to stockholders of record as of October 30, 2012. This dividend amounted to $2,970,093. The Company has no current plans to implement a quarterly dividend program or pay any other special cash dividend.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	31-May-14
Summary of Significant Accounting Policies [Abstract]	'
Principles of Consolidation	'
		(b)	Principles of Consolidation
	The consolidated financial statements include the accounts of TSR, Inc. and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Revenue Recognition	'
		(c)	Revenue Recognition
	The Company’s contract computer programming services are generally provided under time and materials arrangements with its customers. Revenue is recognized in accordance with Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition”, when persuasive evidence of an arrangement exists, the services have been rendered, the price is fixed or determinable, and collectability is reasonably assured. These conditions occur when a customer agreement is effected and the consultant performs the authorized services. Revenue is recorded net of all discounts and processing fees. Advances from customers represent amounts received from customers prior to the Company’s completion of the related services and credit balances from overpayments.
	Reimbursements received by the Company for out-of-pocket expenses are characterized as revenue.
Cash and Cash Equivalents	'
		(d)	Cash and Cash Equivalents
	The Company considers short-term highly liquid investments with maturities of three months or less at the time of purchase to be cash equivalents. Cash and cash equivalents were comprised of the following as of May 31, 2014 and 2013:
				2014		2013
		Cash in banks		$	2,279,148	$	1,562,939
		Money market funds			562,819		318,222
				$	2,841,967	$	1,881,161
Certificates of Deposit and Marketable Securities	'
		(e)	Certificates of Deposit and Marketable Securities
	The Company has characterized its investments in marketable securities, based on the priority of the inputs used to value the investments, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1), and lowest priority to unobservable inputs (Level 3). If the inputs used to measure the investments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.
	Investments recorded in the accompanying consolidated balance sheets are categorized based on the inputs to valuation techniques as follows:
		Level 1-	These are investments where values are based on unadjusted quoted prices for identical assets in an active market the Company has the ability to access.
		Level 2-	These are investments where values are based on quoted market prices that are not active or model derived valuations in which all significant inputs are observable in active markets.
		Level 3-	These are investments where values are derived from techniques in which one or more significant inputs are unobservable.
	The following are the major categories of assets measured at fair value on a recurring basis as of May 31, 2014 and 2013 using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3):
		31-May-14		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,493,000	$	-	$	1,493,000
		Equity securities			21,856		-		-		21,856
				$	21,856	$	1,493,000	$	-	$	1,514,856
		31-May-13		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,989,000	$	-	$	1,989,000
		Equity securities			19,424		-		-		19,424
				$	19,424	$	1,989,000	$	-	$	2,008,424
	Based upon the Company’s intent and ability to hold its certificates of deposits to maturity (which maturities range up to twenty-four months at purchase), such securities have been classified as held-to-maturity and are carried at amortized cost, which approximates market value. The Company’s equity securities are classified as trading securities, which are carried at fair value, as determined by quoted market prices, which is a Level 1 input, as established by the fair value hierarchy. The related unrealized gains and losses are included in earnings. The Company’s marketable securities at May 31, 2014 and 2013 are summarized as follows:
				Amortized		Gross		Gross		Recorded
				Cost		Unrealized		Unrealized		Value
						Holding		Holding
						Gains		Losses
		Current
		2014: Certificates of deposit		$	1,493,000	$	-	$	-	$	1,493,000
		Equity securities			16,866		4,990		-		21,856
				$	1,509,866	$	4,990	$	-	$	1,514,856
		Current
		2013: Certificates of deposit .		$	1,989,000	$	-	$	-	$	1,989,000
		Equity securities			16,866		2,558		-		19,424
				$	2,005,866	$	2,558	$	-	$	2,008,424
	The Company’s investments in marketable securities consist primarily of investments in certificates of deposit and equity securities. Market values were determined for each individual security in the investment portfolio. When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as length of time and extent to which fair value has been below cost basis, the financial condition of the issuer, and the Company’s ability and intent to hold the investment for a period of time, which may be sufficient for anticipated recovery in market values.
Accounts Receivable and Credit Policies	'
		(f)	Accounts Receivable and Credit Policies:
	The carrying amount of accounts receivable is reduced by a valuation allowance that reflects management’s best estimate of the amounts that will not be collected. In addition to reviewing delinquent accounts receivable, management considers many factors in estimating its general allowance, including historical data, experience, customer types, creditworthiness and economic trends. From time to time, management may adjust its assumptions for anticipated changes in any of those or other factors expected to affect collectability.
Depreciation and Amortization	'
		(g)	Depreciation and Amortization
	Depreciation and amortization of equipment and leasehold improvements has been computed using the straight-line method over the following useful lives:
	Equipment		3 years
	Furniture and fixtures		3 years
	Automobiles		3 years
	Leasehold improvements		Lesser of lease term or useful life
Net Loss Per Common Share	'
		(h)	Net Loss Per Common Share
	Basic net loss per common share is computed by dividing loss available to common stockholders of TSR, Inc. by the weighted average number of common shares outstanding. The Company had no stock options or other common stock equivalents outstanding during the fiscal years ended May 31, 2014 or 2013.
Income Taxes	'
		(i)	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial reporting and tax bases of the Company’s assets and liabilities at enacted rates expected to be in effect when such amounts are realized or settled. The effect of enacted tax law or rate changes is reflected in income in the period of enactment.
Fair Value of Financial Instruments	'
		(j)	Fair Value of Financial Instruments
	ASC Topic 825, “Financial Instruments”, requires disclosure of the fair value of certain financial instruments. For cash and cash equivalents, accounts receivable, accounts and other payables, accrued liabilities and advances from customers, the amounts presented in the consolidated financial statements approximate fair value because of the short-term maturities of these instruments.
Use of Estimates	'
		(k)	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Such estimates include, but are not limited to provisions for doubtful accounts receivable and assessments of the recoverability of the Company’s deferred tax assets. Actual results could differ from those estimates.
Long-Lived Assets	'
		(l)	Long-Lived Assets
	The Company reviews its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected cash flows undiscounted and without interest, is less than the carrying amount of the asset, an impairment loss is recognized for the amount by which the carrying amount of the asset exceeds its fair value.
Impact of New Accounting Standards	'
		(m)	Impact of New Accounting Standards
	The Company is not aware of any new accounting pronouncements that would have a material impact on its consolidated financial statements.
Credit Risk	'
		(n)	Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, certificates of deposit, marketable securities and accounts receivable. The Company places its cash equivalents with high-credit quality financial institutions and brokerage houses. The Company has substantially all of its cash in four bank accounts. At times, such amounts may exceed Federally insured limits. The Company holds its marketable securities in brokerage accounts. The Company has not experienced losses in any such accounts. The Company’s accounts receivable represent approximately 56 accounts with open balances of which, the largest customer, as a percentage of revenue, consisted of 23.9% of the net accounts receivable balance at May 31, 2014.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	31-May-14
Summary of Significant Accounting Policies [Abstract]	'
Summary of cash and cash equivalents	'
				2014		2013
		Cash in banks		$	2,279,148	$	1,562,939
		Money market funds			562,819		318,222
				$	2,841,967	$	1,881,161
Summary of assets measured at fair value on recurring basis	'
		31-May-14		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,493,000	$	-	$	1,493,000
		Equity securities			21,856		-		-		21,856
				$	21,856	$	1,493,000	$	-	$	1,514,856
		31-May-13		Level 1		Level 2		Level 3		Total
		Certificates of deposit		$	-	$	1,989,000	$	-	$	1,989,000
		Equity securities			19,424		-		-		19,424
				$	19,424	$	1,989,000	$	-	$	2,008,424
Summary of marketable securities	'
				Amortized		Gross		Gross		Recorded
				Cost		Unrealized		Unrealized		Value
						Holding		Holding
						Gains		Losses
		Current
		2014: Certificates of deposit		$	1,493,000	$	-	$	-	$	1,493,000
		Equity securities			16,866		4,990		-		21,856
				$	1,509,866	$	4,990	$	-	$	1,514,856
		Current
		2013: Certificates of deposit		$	1,989,000	$	-	$	-	$	1,989,000
		Equity securities			16,866		2,558		-		19,424
				$	2,005,866	$	2,558	$	-	$	2,008,424
Summary of useful lives of assets	'
	Equipment		3 years
	Furniture and fixtures		3 years
	Automobiles		3 years
	Leasehold improvements		Lesser of lease term or useful life

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	31-May-14
Income Taxes [Abstract]	'
Summary of Income tax provision (benefit) and tax rate reconciliation	'
			2014						2013
			Amount				%			Amount			%
		Amounts at statutory Federal tax rate	$	11,500			34	%		$	(239,000	)	(34.0	)%
		Noncontrolling interest		(35,000	)		(103.3	)			(11,000	)	(1.5	)
		State and local taxes, net of Federal income tax effect		22,000			64.9				17,000		2.4
		Non-deductible expenses and other		18,500			54.6				19,000		2.7
			$	17,000			50.2	%		$	(214,000	)	(30.4	)%
Schedule of components of the provision (benefit) for income taxes	'
			Federal			State				Total
		2014:      Current	$	(29,000	)	$	30,000			$	1,000
		Deferred		13,000			3,000				16,000
			$	(16,000	)	$	33,000			$	17,000
		2013:      Current	$	(140,000	)	$	25,000			$	(115,000	)
		Deferred		(100,000	)		1,000				(99,000	)
			$	(240,000	)	$	26,000			$	(214,000	)
Schedule of deferred income tax assets	'
			2014			2013
		Allowance for doubtful accounts receivable	$	86,000		$	86,000
		Net operating loss carryforward		103,000			103,000
		Equipment and leasehold improvement depreciation and amortization.		11,000			23,000
		Acquired client relationships.		16,000			20,000
		Total deferred income tax assets	$	216,000		$	232,000

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	31-May-14
Commitments and Contingencies [Abstract]	'
Summary of noncancellable long-term operating lease commitments	'
	Fiscal Year		Amount
		2015	$	351,000
		2016		324,000
		2017		308,000
		2018		143,000
		2019		107,000
		Total	$	1,233,000

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	31-May-14	31-May-13	31-May-12
Summary of cash and cash equivalents	'	'	'
Cash in banks.	$2,279,148	$1,562,939	$4,665,956
Money market funds	562,819	318,222	2,848,793
Total	$2,841,967	$1,881,161	$7,514,749

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 1) (Fair Value, Measurements, Recurring [Member], USD $)	31-May-14	31-May-13
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	$1,514,856	$2,008,424
Certificates of Deposit [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	1,493,000	1,989,000
Equity Securities [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	21,856	19,424
Level 1 [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	21,856	19,424
Level 1 [Member] | Certificates of Deposit [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	'	'
Level 1 [Member] | Equity Securities [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	21,856	19,424
Level 2 [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	1,493,000	1,989,000
Level 2 [Member] | Certificates of Deposit [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	1,493,000	1,989,000
Level 2 [Member] | Equity Securities [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	'	'
Level 3 [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	'	'
Level 3 [Member] | Certificates of Deposit [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	'	'
Level 3 [Member] | Equity Securities [Member]	'	'
Summary of assets measured at fair value on recurring basis	'	'
Assets measured at fair value, Total	'	'

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 2) (USD $)	12 Months Ended
	31-May-14	31-May-13
Summary of marketable securities	'	'
Amortized Cost	$1,509,866	$2,005,866
Gross Unrealized Holding Gains, Current	4,990	2,558
Gross Unrealized Holding Losses	'	'
Recorded Value, Current	1,514,856	2,008,424
Certificates of Deposit [Member]	'	'
Summary of marketable securities	'	'
Amortized Cost	1,493,000	1,989,000
Gross Unrealized Holding Gains, Current	'	'
Gross Unrealized Holding Losses	'	'
Recorded Value, Current	1,493,000	1,989,000
Equity Securities [Member]	'	'
Summary of marketable securities	'	'
Amortized Cost	16,866	16,866
Gross Unrealized Holding Gains, Current	4,990	2,558
Gross Unrealized Holding Losses	'	'
Recorded Value, Current	$21,856	$19,424

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 3)	12 Months Ended
	31-May-14
Equipment [Member]	'
Summary of depreciation and amortization of equipment and leasehold improvements useful lives	'
Depreciation and amortization of equipment and leasehold improvements, useful lives	'3 years
Furniture and Fixtures [Member]	'
Summary of depreciation and amortization of equipment and leasehold improvements useful lives	'
Depreciation and amortization of equipment and leasehold improvements, useful lives	'3 years
Automobiles [Member]	'
Summary of depreciation and amortization of equipment and leasehold improvements useful lives	'
Depreciation and amortization of equipment and leasehold improvements, useful lives	'3 years
Leasehold improvements [Member]	'
Summary of depreciation and amortization of equipment and leasehold improvements useful lives	'
Depreciation and amortization of equipment and leasehold improvements, useful lives	'Lesser of lease term or useful life.

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Details Textual) (USD $)	12 Months Ended		12 Months Ended
	31-May-14	31-May-13	31-May-13	31-May-13	31-May-13
	Segment		Revenues [Member]	Revenues [Member]	Accounts Receivable [Member]
	Account		Customer	Customer Concentration Risk [Member]
	Customer
Summary of Significant Accounting Policies (Textual)	'	'	'	'	'
Number of customers	3	'	4	'	'
Concentration risk	42.50%	'	'	52.10%	23.90%
Largest, concentration risk	16.60%	'	'	16.10%	'
Number of bank accounts	4	'	'	'	'
Accounts receivable with largest customers	$2,100,000	$1,920,000	'	'	'
Number of operating segments	1	'	'	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
	31-May-14	31-May-13
Summary of reconciliation of the provisions for income taxes computed at the Federal statutory rates	'	'
Amounts at statutory Federal tax rate	$11,500	($239,000)
Noncontrolling interest	-35,000	-11,000
State and local taxes, net of Federal income tax effect	22,000	17,000
Non-deductible expenses and other	18,500	19,000
Provision (benefit) for income taxes	$17,000	($214,000)
Amounts at statutory Federal tax rate, Tax rate	34.00%	-34.00%
Non-controlling interest, Tax rate	-103.30%	-1.50%
State and local taxes, net of Federal income tax effect, Tax rate	64.90%	2.40%
Non-deductible expenses and other, Tax rate	54.60%	2.70%
Provision (benefit) for income taxes, Tax rate	50.20%	-30.40%

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	12 Months Ended
	31-May-14	31-May-13
Schedule of components of the provision (benefit) for income taxes	'	'
Current federal tax expense	($29,000)	($140,000)
Current State tax expense	30,000	25,000
Current provisions for income taxes, Total	1,000	-115,000
Deferred Federal tax expense	13,000	-100,000
Deferred State tax expense	3,000	1,000
Deferred provisions of income taxes, Total	16,000	-99,000
Federal provision for income taxes	-16,000	-240,000
State provision for income taxes	33,000	26,000
Provision (benefit) for income taxes	$17,000	($214,000)

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	31-May-14	31-May-13
Schedule of deferred income tax assets	'	'
Allowance for doubtful accounts receivable	$86,000	$86,000
Net operating loss carryforward	103,000	103,000
Equipment and leasehold improvement depreciation and amortization	11,000	23,000
Acquired client relationships	16,000	20,000
Total deferred income tax assets	$216,000	$232,000

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	31-May-13
Income Taxes (Textual)	'
Net operating loss carryforward	$303,000
Net operating loss carryforward expiration date	31-May-33

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	31-May-14
Summary of noncancellable long-term operating lease commitments	'
2015	$351,000
2016	324,000
2017	308,000
2018	143,000
2019	107,000
Total	$1,233,000

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	12 Months Ended
	31-May-14	31-May-13
Commitments and Contingencies (Textual)	'	'
Rent expenses under all lease agreements	$322,000	$391,000
Employment agreements [Member]	'	'
Commitments and Contingencies (Textual)	'	'
Number of officers	2	'
Description of agreement expiration date	'Through 2017.	'
Payment due under agreement	$1,025,000	'

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	0 Months Ended	12 Months Ended
	Nov. 30, 2012	31-May-14	31-May-13
Stockholders' Equity (Textual)	'	'	'
Number of common stock purchased, Shares	'	'	21,600
Purchases of common stock, Value	'	'	$81,911
Shares remain available for purchase	'	56,318	'
Cash dividend per common share to stockholders	$1.50	'	'
Cash dividend paid	'	'	$2,970,093