TSR (TSRI) 10-K 15 Aug 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	May 31, 2022	Aug. 15, 2022	Nov. 30, 2021
Document Information Line Items
Entity Registrant Name	TSR, Inc.
Trading Symbol	TSRI
Document Type	10-K
Current Fiscal Year End Date	--05-31
Entity Common Stock, Shares Outstanding		2,146,448
Entity Public Float			$ 8,474,000
Amendment Flag	false
Entity Central Index Key	0000098338
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	May 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-38838
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-2635899
Entity Address, Address Line One	400 Oser Avenue
Entity Address, City or Town	Hauppauge
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11788
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Auditor Firm ID	596
Auditor Name	CohnReznick LLP
Auditor Location	Melville, New York
City Area Code	631
Local Phone Number	231-0333

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	May 31, 2022	May 31, 2021
Current Assets:
Cash and cash equivalents	$ 6,490,158	$ 7,370,646
Marketable securities	35,536	45,696
Accounts receivable:
Trade, net of allowance for doubtful accounts of $181,000 in 2022 and 2021	13,427,562	9,660,742
Other	39,753	32,508
Total accounts receivable	13,467,315	9,693,250
Prepaid expenses	216,776	253,694
Prepaid and recoverable income taxes	31,795	8,671
Total Current Assets	20,241,580	17,371,957
Equipment and leasehold improvements, at cost:
Equipment	192,773	154,499
Furniture and fixtures	64,766	64,766
Leasehold improvements	76,349	51,979
Property, Plant And Equipment, Gross	333,888	271,244
Less accumulated depreciation and amortization	195,094	155,006
Property, Plant and Equipment, Net	138,794	116,238
Other assets	63,270	47,663
Right-of-use asset	652,020	895,573
Intangible assets, net	1,500,750	1,671,750
Goodwill	785,883	785,883
Deferred income taxes	972,000	941,000
Total Assets	24,354,297	21,830,064
Current Liabilities:
Accounts and other payables	1,425,021	2,083,140
Accrued expenses and other current liabilities:
Salaries, wages and commissions	4,755,437	3,634,885
Other	1,063,466	884,531
Accrued expenses and other current liabilities, Current	5,818,903	4,519,416
Advances from customers	1,210,992	1,170,500
Credit facility	61,882	92,527
Legal settlement payable - current	597,566	298,370
Operating lease liabilities - current	214,941	309,731
Total Current Liabilities	9,329,305	8,473,684
Operating lease liabilities, net of current portion	492,427	707,369
Legal settlement payable, net of current portion		568,739
SBA Paycheck Protection Program loan payable		6,659,220
Total Liabilities	9,821,732	16,409,012
Commitments and Contingencies
Equity: TSR, Inc.
Preferred stock, $1.00 par value, authorized 500,000 shares; none issued
Common stock, $0.01 par value, authorized 12,500,000 shares; issued 3,298,549 and 3,114,163 shares; 2,146,448 and 1,962,062 outstanding	32,986	31,142
Additional paid-in capital	7,473,866	5,339,200
Retained earnings	20,470,042	13,540,822
Shareholder's equity before treasury stock	27,976,894	18,911,164
Less: treasury stock, 1,152,101 shares, at cost	13,514,003	13,514,003
Total TSR, Inc. Equity	14,462,891	5,397,161
Noncontrolling Interest	69,674	23,891
Total Equity	14,532,565	5,421,052
Total Liabilities and Equity	$ 24,354,297	$ 21,830,064

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	May 31, 2022	May 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts related to accounts receivable (in Dollars)	$ 181,000	$ 181,000
Preferred stock, shares authorized (in Dollars per share)	$ 500,000	$ 500,000
Preferred stock, shares issued
Preferred stock, par value	1	1
Common stock par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	12,500,000	12,500,000
Common stock, shares issued	3,298,549	3,114,163
Common stock, shares outstanding	2,146,448	1,962,062
Treasury stock, shares	1,152,101	1,152,101

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Income Statement [Abstract]
Revenue, net	$ 97,312,449	$ 68,821,217
Cost of sales	81,314,406	57,500,303
Selling, general and administrative expenses	15,619,409	11,808,950
Cost and expenses, total	96,933,815	69,309,253
Income (loss) from operations	378,634	(488,036)
Other income (expense):
Gain on PPP Loan and interest forgiveness	6,735,246
Interest expense, net	(102,327)	(193,401)
Unrealized loss from marketable securities, net	(10,160)	(4,648)
Other income (expense), Total	6,622,759	(198,049)
Income (loss) before income taxes	7,001,393	(686,085)
Benefit from income taxes	(1,000)	(109,000)
Consolidated net income (loss)	7,002,393	(577,085)
Less: Net income attributable to noncontrolling interest	73,173	23,889
Net income (loss) attributable to TSR, Inc.	$ 6,929,220	$ (600,974)
Basic net income (loss) per TSR, Inc. common share (in Dollars per share)	$ 3.42	$ (0.31)
Basic weighted average number of common shares outstanding (in Shares)	2,024,325	1,962,062
Diluted net income (loss) per TSR, Inc. common share (in Dollars per share)	$ 3.3	$ (0.31)
Diluted weighted average number of common shares outstanding (in Shares)	2,097,898	1,962,062

Consolidated Statements Shareho

Consolidated Statements Shareholders’ Equity - USD ($)	Common stock	Additional paid-in capital	Retained earnings	Treasury stock	TSR, Inc. equity	Non- controlling interest	Total
Balance at May. 31, 2020	$ 31,142	$ 5,102,868	$ 14,141,796	$ (13,514,003)	$ 5,761,803	$ 28,380	$ 5,790,183
Balance (in Shares) at May. 31, 2020	3,114,163
Net income attributable to noncontrolling interest						23,889	23,889
Distribution to noncontrolling interest						(28,378)	(28,378)
Non-cash stock compensation		236,332			236,332		236,332
Net income (loss) attributable to TSR, Inc.			(600,974)		(600,974)		(600,974)
Balance at May. 31, 2021	$ 31,142	5,339,200	13,540,822	(13,514,003)	5,397,161	23,891	5,421,052
Balance (in Shares) at May. 31, 2021	3,114,163
Net income attributable to noncontrolling interest						73,173	73,173
Distribution to noncontrolling interest						(27,390)	(27,390)
Net proceeds of sales of stock through ATM	$ 1,425	1,782,373			1,783,798		1,783,798
Net proceeds of sales of stock through ATM (in Shares)	142,500
Non-cash stock compensation		564,952			564,952		564,952
Vested stock awards and taxes paid	$ 419	(212,659)			(212,240)		(212,240)
Vested stock awards and taxes paid (in Shares)	41,886
Net income (loss) attributable to TSR, Inc.			6,929,220		6,929,220		6,929,220
Balance at May. 31, 2022	$ 32,986	$ 7,473,866	$ 20,470,042	$ (13,514,003)	$ 14,462,891	$ 69,674	$ 14,532,565
Balance (in Shares) at May. 31, 2022	3,298,549

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Cash flows from operating activities:
Consolidated net income (loss)	$ 7,002,393	$ (577,085)
Adjustments to reconcile consolidated net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	235,131	158,154
Unrealized loss from marketable securities, net	10,160	4,648
Non-cash right-of-use asset impairment charge		136,599
Non-cash lease recovery	(66,179)	(19,098)
Non-cash stock-based compensation expense	564,952	236,332
Forgiveness of principal and accrued interest on SBA PPP Loan	(6,735,246)
Deferred income taxes	(31,000)	(157,000)
Changes in operating assets and liabilities:
Accounts receivable-trade	(3,766,820)	(1,824,447)
Other receivables	(7,245)	(27,420)
Prepaid expenses	36,918	(45,583)
Prepaid and recoverable income taxes	(23,124)	590,222
Other assets	(15,607)	1,990
Accounts and other payables and accrued expenses and other current liabilities	717,394	2,797,809
Legal settlement payable	(269,543)	39,287
Advances from customers	40,492	(10,734)
Net cash (used in) provided by in operating activities	(2,307,324)	1,303,674
Cash flows from investing activities:
Purchase of Geneva Consulting Group, Inc., net of cash acquired of $241,946		(3,100,114)
Purchases of equipment and leasehold improvements	(86,687)	(125,951)
Net cash used in investing activities	(86,687)	(3,226,065)
Cash flows from financing activities:
Net repayments on Credit Facility	(30,645)	(408,607)
Net proceeds from ATM stock sales	1,783,798
Tax withholding from vested stock awards	(212,240)
Distributions to noncontrolling interest	(27,390)	(28,378)
Net cash provided by (used in) financing activities	1,513,523	(436,985)
Net decrease in cash and cash equivalents	(880,488)	(2,359,376)
Cash and cash equivalents at beginning of year	7,370,646	9,730,022
Cash and cash equivalents at end of year	6,490,158	7,370,646
Supplemental disclosures of cash flow data:
Income taxes paid	$ 54,000	45,000
Non-cash investing and financing activities:
Right-of-use asset and operating lease liability		$ 846,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	12 Months Ended
	May 31, 2022 USD ($)
Statement of Cash Flows [Abstract]
Net of cash acquired	$ 241,946

Summary of Business and Signifi

Summary of Business and Significant Accounting Policies	12 Months Ended
	May 31, 2022
Accounting Policies [Abstract]
Summary of Business and Significant Accounting Policies	(1) Summary of Business and Significant Accounting Policies (a) Business, Nature of Operations and Customer Concentrations TSR, Inc. and Subsidiaries (the “Company,” “TSR,” “we,” “us” and “our”) 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 (“IT”) capabilities. In addition, beginning in fiscal 2017, the Company has provided and continues to provide administrative (non-IT) workers on a contract basis to some of its existing customers, including new customers acquired following the Geneva acquisition. In fiscal 2022, four customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 67.7%. The largest of these constituted 21.5% of consolidated revenue. In fiscal 2021, three customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 54.3%. The largest of these constituted 22.4% of consolidated revenue. The accounts receivable balances associated with the Company’s largest customers were $8,668,000 for four customers at May 31, 2022 and $4,585,000 for three customers at May 31, 2021. The Company operates in one business segment, contract staffing services. (b) Principles of Consolidation The consolidated financial statements include the accounts of TSR and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. (c) Revenue Recognition Revenues are recognized as control of the promised service is transferred to customers, in an amount that reflects the consideration expected in exchange for the services. Revenues from contract assignments are recognized over time, based on hours worked by the Company’s contract professionals. The performance of the requested service over time is the single performance obligation for assignment revenues. Certain customers may receive discounts (e.g., volume discounts, rebates, prompt-pay discounts) and adjustments to the amounts billed. These discounts, rebates and adjustments are considered variable consideration. Volume discounts are the largest component of variable consideration and are estimated using the most likely amount method prescribed by Accounting Standards Codification (“ASC”) 606, contracts terms and estimates of revenue. Revenues are recognized net of variable consideration to the extent that it is probable that a significant reversal of revenues will not occur in subsequent periods. Payment terms vary and the time between invoicing and when payment is due is not significant. There are no financing components to the Company’s arrangements. There are no incremental costs to obtain contracts and costs to fulfill contracts are expensed as incurred. The Company’s operations are primarily located in the United States. The Company recognizes most of its revenue on a gross basis when it acts as a principal in its transactions. The Company has direct contractual relationships with its customers, bears the risks and rewards of its arrangements, and has the discretion to select the contract professionals and establish the price for the services to be provided. Additionally, the Company retains control over its contract professionals based on its contractual arrangements. The Company primarily provides services through its employees and to a lesser extent, through subcontractors; the related costs are included in cost of sales. The Company includes billable expenses (out-of-pocket reimbursable expenses) in revenue and the associated expenses are included in cost of sales. (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, 2022 and 2021: 2022 2021 Cash in banks $ 6,436,012 $ 7,317,517 Money market funds 54,146 53,129 $ 6,490,158 $ 7,370,646 (e) 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, 2022 and 2021 using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3): May 31, 2022 Level 1 Level 2 Level 3 Total Equity Securities $ 35,536 $ - $ - $ 35,536 May 31, 2021 Level 1 Level 2 Level 3 Total Equity Securities $ 45,696 $ - $ - $ 45,696 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, 2022 and 2021 are summarized as follows: May 31, 2022 Amortized Gross Gross Recorded Equity Securities $ 16,866 $ 18,670 $ - $ 35,536 May 31, 2021 Equity Securities $ 16,866 $ 28,830 $ - $ 45,696 The Company’s investments in marketable securities consist primarily of investments in 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 Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders of TSR by the weighted average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. During the fiscal year ended May 31, 2021, the Company granted time and performance vesting stock awards under its 2020 Equity Incentive Plan (see Note 14 for further information). Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the reporting period. The common stock equivalents associated with these stock awards of 73,573 in the fiscal year ended May 31, 2022 have been included for diluted shares outstanding for the fiscal year ended May 31, 2022. The common stock equivalents associated with these stock awards of 78,901 in the fiscal year ended May 31, 2021 have not been included for diluted shares outstanding for the fiscal year May 31, 2021 since the effect would be anti-dilutive due to the net loss incurred for the period. (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 820-10, Fair Value Measurements and Disclosures The Company determines or calculates the fair value of financial instruments using quoted market prices in active markets when such information is available or using appropriate present value or other valuation techniques, such as discounted cash flow analyses, incorporating available market discount rate information for similar types of instruments while estimating for non-performance and liquidity risk. These techniques are significantly affected by the assumptions used, including the discount rate, credit spreads and estimates of future cash flows. Assets and liabilities typically recorded at fair value on a non-recurring basis to which ASC 820-10 applies include: ● non-financial assets and liabilities initially measured at fair value in an acquisition or business combination, and ● long-lived assets measured at fair value due to an impairment assessment under ASC 360-10-15, Impairment or Disposal of Long-Lived Assets This topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level hierarchy, which encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820-10 requires that assets and liabilities recorded at fair value be classified and disclosed in one of the following three categories: ● Level 1 - inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. ● Level 2 - inputs utilize other-than-quoted prices that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs such as interest rates and yield curves that are observable at commonly quoted intervals. ● Level 3 - inputs are unobservable and are typically based on the Company’s own assumptions, including situations where there is little, if any, market activity. Both observable and unobservable inputs may be used to determine the fair value of positions that are classified within the Level 3 classification. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company classifies such financial assets or liabilities based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. ASC Topic 825, Financial Instruments (k) Use of Estimates The preparation of financial statements in conformity with GAAP 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) Goodwill Goodwill is recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. Goodwill is not amortized but is subject to impairment analysis at least once annually or more frequently upon the occurrence of an event or when circumstances indicate that the carrying amount of a unit is greater than its fair value. The annual test of goodwill was performed as of September 1, 2021 and no impairment was found. There was no change in goodwill in fiscal 2022. (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. As a percentage of revenue, the four largest customers consisted of 64.3% of the net accounts receivable balance at May 31, 2022.

Income Taxes

Income Taxes	12 Months Ended
	May 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	(2) Income Taxes A reconciliation of the benefit for income taxes computed at the federal statutory rates of 21.0% for fiscal 2022 and fiscal 2021 to the reported amounts is as follows: 2022 2021 Amount % Amount % Amounts at statutory federal tax rate $ 1,470,000 21.0 % $ (144,000 ) (21.0 )% PPP Loan Forgiveness (1,414,000 ) (20.2 ) - (0.7 ) Noncontrolling interest (15,000 ) (0.2 ) (5,000 ) (0.7 ) State and local taxes, net of federal income tax effect 12,000 0.2 (23,000 ) (3.4 ) Federal benefit of state NOL - - 50,000 7.3 Non-deductible expenses and other (54,000 ) (0.8 ) 13,000 1.9 $ (1,000 ) (0.0 )% $ (109,000 ) (15.9 )% The components of the benefit for income taxes are as follows: Federal State Total 2022: Current $ - $ 30,000 $ 30,000 Deferred (19,000 ) (12,000 ) (31,000 ) $ (19,000 ) $ 18,000 $ (1,000 ) 2021: Current $ - $ 48,000 $ 48,000 Deferred (96,000 ) (61,000 ) (157,000 ) $ (96,000 ) $ (13,000 ) $ (109,000 ) The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets at May 31, 2022 and 2021 are as follows: 2022 2021 Allowance for doubtful accounts receivable $ 55,000 $ 52,000 Accrued compensation and other accrued expenses 43,000 26,000 Net operating loss carryforwards 508,000 421,000 Equipment and leasehold improvement depreciation and amortization (40,000 ) (32,000 ) Unrealized gain (5,000 ) (8,000 ) Legal settlement with investor 180,000 275,000 Non-cash stock compensation 111,000 70,000 Non-cash lease expense 17,000 36,000 Accumulated amortization 90,000 95,000 Other items, net 13,000 6,000 Total deferred income tax assets $ 972,000 $ 941,000 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 federal net operating loss carryforwards may be used indefinitely, and the state carryforwards are generally usable for 20 years. 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. On March 27, 2020, the CARES Act was signed into law in response to the COVID-19 pandemic. The CARES Act provides numerous tax provisions and stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, and technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property. The Company has evaluated the provisions of the CARES Act relating to income taxes which resulted in the ability to carryback net operating losses and file for a federal tax refund of approximately $586,000, which was recorded in the May 31, 2020 consolidated balance sheet. The amount was subsequently collected in April 2021. The Company’s federal and state income tax returns prior to fiscal year 2019 are closed.

Leases

Leases	12 Months Ended
	May 31, 2022
Leases [Abstract]
Leases	(3) Leases The Company leases the space for its three offices in New York City, Hauppauge and New Jersey. Under ASC 842, at contract inception we determine whether the contract is or contains a lease and whether the lease should be classified as an operating or finance lease. Operating leases are in right-of-use assets and operating lease liabilities in our consolidated balance sheets. The Company’s leases for its three offices are classified as operating leases. The lease agreements for New York City, Hauppauge and New Jersey expire on August 31, 2022, December 31, 2023 and May 31, 2027, respectively, and do not include any renewal options. During the fiscal year ended May 31, 2021, the Company extended its lease in Hauppauge, entered into a lease in a new location for its New Jersey office, and entered into a sublease agreement for the remainder of the lease in New York City. Due to the fact that the future sublease lease cash inflows will be less than the carrying value of the corresponding right-of-use asset, the Company recorded a right-of-use asset impairment charge of $136,599 in the quarter ended November 30, 2020. In addition to the monthly base amounts in the lease agreements, the Company is required to pay real estate taxes and operating expenses during the lease terms. For the fiscal years ended May 31, 2022 and 2021, the Company’s operating lease expense for these leases was $326,000 and $385,000, respectively. Future minimum lease payments under non-cancelable operating leases as of May 31, 2022 were as follows: Twelve Months Ended May 31, 2023 $ 256,604 2024 179,035 2025 123,840 2026 126,936 2027 130,109 Thereafter - Total undiscounted operating lease payments 816,524 Less imputed interest 109,156 Present value of operating lease payments $ 707,368 The following table sets forth the right-of-use assets and operating lease liabilities as of May 31, 2022: Assets Right-of-use assets $ 652,020 Liabilities Current operating lease liabilities $ 214,941 Long-term operating lease liabilities 492,427 Total operating lease liabilities $ 707,368 The weighted average remaining lease term for the Company’s operating leases is 3.3 years.

Credit Facility

Credit Facility	12 Months Ended
	May 31, 2022
Credit Facility [Abstract]
Credit Facility	(4) Credit Facility On November 27, 2019, TSR closed on a revolving credit facility (the “Credit Facility”) pursuant to a Loan and Security Agreement with Access Capital, Inc. (the “Lender”) that initially provided up to $7,000,000 in funding to TSR and its direct and indirect subsidiaries, TSR Consulting Services, Inc., Logixtech Solutions, LLC and Eurologix, S.A.R.L., each of which, together with TSR, is a borrower under the Credit Facility. Each of the borrowers has provided a security interest to the Lender in all of their respective assets to secure amounts borrowed under the Credit Facility. TSR expects to utilize the Credit Facility for working capital and general corporate purposes. The maximum amount that may now be advanced under the Credit Facility at any time shall not exceed $2,000,000. Advances under the Credit Facility accrue interest at a rate per annum equal to (x) the “base rate” or “prime rate” announced by Citibank, N.A. from time to time, which shall be increased or decreased, as the case may be, in an amount equal to each increase or decrease in such “base rate” or “prime rate,” plus (y) 1.75%. The prime rate as of May 31, 2022 was 4.00%, indicating an interest rate of 5.75% on the Credit Facility. The initial term of the Credit Facility is five years, which shall automatically renew for successive five-year periods unless either TSR or the Lender gives written notice to the other of termination at least 60 days prior to the expiration date of the then-current term. TSR is obliged to satisfy certain financial covenants and minimum borrowing requirements under the Credit Facility, and to pay certain fees, including prepayment fees, and provide certain financial information to the Lender. The Company was in compliance with all applicable covenants at May 31, 2022. As of May 31, 2022, the net borrowings outstanding against the Credit Facility were $62,000. The amount the Company has borrowed fluctuates and, at times, it has utilized the maximum amount of $2,000,000 available under the facility to fund its payroll and other obligations.

Legal Settlement with Investor

Legal Settlement with Investor	12 Months Ended
	May 31, 2022
Legal Settlement with Investor Disclosure [Abstract]
Legal Settlement with Investor	(5) Legal Settlement with Investor On April 1, 2020, the Company entered into a binding term sheet (“Term Sheet”) with Zeff Capital, L.P. (“Zeff”) pursuant to which it agreed to pay Zeff an amount of $900,000 over a period of three years in cash or cash and stock in settlement of expenses incurred by Zeff during its solicitations in 2018 and 2019 in connection with the annual meetings of the Company, the costs incurred in connection with the litigation initiated by and against the Company as well as negotiation, execution and enforcement of the Settlement and Release Agreement, dated as of August 30, 2019, by and between the Company, Zeff and certain other parties. In exchange for certain releases, the Term Sheet calls for a cash payment of $300,000 on June 30, 2021, a second cash payment of $300,000 on June 30, 2022 and a third payment of $300,000 also on June 30, 2022, which can be paid in cash or common stock at the Company’s option. There is no interest due on these payments. The $300,000 payment due on June 30, 2021 was paid when due. The agreement also has protections to defer such payment dates so that the debt covenants with the Company’s Lender are not breached. On August 13, 2020, the Company, Zeff, Zeff Holding Company, LLC and Daniel Zeff entered into a settlement agreement to reflect these terms. Any installment payment which is deferred as permitted above will accrue interest at the prime rate plus 3.75%, and Zeff shall thereby have the option to convert such deferred amounts (plus accrued interest if any) into shares of the Company’s stock. The Company accrued $818,000, the estimated present value of these payments using an effective interest rate of 5%, in the quarter ended February 29, 2020, as the events relating to the expense occurred prior to such date. The two cash payments of $300,000 each were made by June 30,2022 in full satisfaction of the settlement.

Other Matters

Other Matters	12 Months Ended
	May 31, 2022
Disclosure of Other Matters [Abstract]
Other Matters	(6) Other Matters From time to time, the Company is party to various lawsuits, some involving material amounts. Management is not aware of any lawsuits that would have a material adverse impact on the consolidated financial position of the Company except for the litigation disclosed elsewhere in the report, including Notes 5, 7, 12 and 15 to the Consolidated Financial Statements.

Termination of Former CEO

Termination of Former CEO	12 Months Ended
	May 31, 2022
Termination of Former CEO [Abstract]
Termination of Former CEO	(7) Termination of Former CEO The Company terminated Christopher Hughes, the former Chief Executive Officer of the Company (“Hughes”), effective February 29, 2020. Hughes filed a complaint against the Company in the Supreme Court of the State of New York in March 2020 alleging two causes of action: (1) breach of his employment contract; and (2) breach of the duty of good faith and fair dealing. Hughes alleged that he was terminated without cause or in the alternative that he resigned for good reason and therefore, pursuant to the Amended and Restated Employment Agreement, dated August 9, 2018, between the Company and Hughes, Hughes sought severance pay in the amount of $1,000,000 and reasonable costs and attorney’s fees. The Company denied Hughes’ allegations and filed various counterclaims against Hughes. In October 2021, the Company and Hughes agreed through mediation to settle this matter. In order to avoid lengthy and costly litigation and discovery expenses, the Company has paid Hughes $705,000 to settle all claims. After adjusting for insurance reimbursement, the Company accrued a charge of $580,000 to selling, general and administrative expenses in the quarter ended August 31, 2021 and the fiscal year ended May 31, 2022.

COVID-19

COVID-19	12 Months Ended
	May 31, 2022
Covid Nineteen [Abstract]
COVID-19	(8) COVID-19 The COVID-19 outbreak in the United States has caused business disruption, including through mandated and voluntary closing of various businesses. While the disruption is currently expected to be temporary, there is considerable uncertainty around the impact of the pandemic on our business. Therefore, the Company expects this matter to continue to negatively impact its operating results in future periods. However, the full financial impact and duration cannot be reasonably estimated at this time.

Payroll Protection Program Loan

Payroll Protection Program Loan	12 Months Ended
	May 31, 2022
Payroll Protection Program Loan [Abstract]
Payroll Protection Program Loan	(9) Payroll Protection Program Loan On April 15, 2020, the Company received loan proceeds of $6,659,220 under the Paycheck Protection Program (the “PPP Loan”). The Paycheck Protection Program (“PPP”) was established under the congressionally-approved Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (“SBA”). The PPP Loan to the Company was made through JPMorgan Chase Bank, N.A., a national banking association. In March 2021, the Company submitted a PPP Loan Forgiveness application to the SBA through the PPP Lender. On July 7, 2021, the Company received notification from the PPP Lender that the SBA approved the Company’s application for forgiveness of the entire principal amount of the PPP Loan plus accrued interest. The PPP Lender will apply the forgiveness amount to satisfy the PPP Loan. The Company has no further obligations with respect to the PPP Loan. The Company recognized “Other Income” of $6,735,246 in the quarter ended August 31, 2021 and fiscal year ended May 31, 2022 related to the forgiveness of the loan principal and accrued interest.

Geneva Consulting Group Acquisi

Geneva Consulting Group Acquisition	12 Months Ended
	May 31, 2022
Business Combinations [Abstract]
Geneva Consulting Group Acquisition	(10) Geneva Consulting Group Acquisition On September 1, 2020, the Company completed the acquisition of all of the outstanding stock of Geneva Consulting Group, Inc., a New York corporation (“Geneva”) and provider of temporary and permanent information technology personnel based in Port Washington, New York. The stock of Geneva was purchased from the three shareholders of Geneva (the “Sellers”), none of which had, or will have following the acquisition, a material relationship with the Company or its affiliates. The purchase price for the shares of Geneva was comprised of the following: (i) $1,452,000 in cash paid to Sellers at the closing of the acquisition, (ii) an amount of $748,000, which was equal to the amount of Geneva’s loan under the PPP that was not assumed by the Company and was substantially forgiven by the SBA, (iii) an amount up to $300,000 originally payable as an earnout payment in part in February 2021 and in part in August 2021 (the “Earnout Payments”), (iv) bonus payments payable in $10,000 increments, (v) $747,000 for the net working capital of Geneva as of closing and (vi) other purchase price adjustments of $36,000. Any Earnout Payments and bonus payments were to be determined based upon the achievement of certain criteria relating to the number the Company’s contractors working full-time at the Company’s client locations on such dates. The initial Earnout Payments and bonus payment liability was valued at its fair value using an option pricing based approach with a risk-neutral framework using Black Scholes due to the option-like nature of the earnout payment structure (Level 3 of the fair value hierarchy). The Earnout Payments were revalued quarterly prior to the resolution discussed below, using a present value approach and any resulting increase or decrease was recorded into selling, general and administrative expenses. Any changes in the amount of the actual results and forecasted scenarios could impact the fair value. Significant judgment was employed in determining the appropriateness of the assumptions used in calculating the fair value of the Earnout Payments as of the acquisition date and subsequent period-ends. On March 17, 2021, the Company entered into an agreement with the Sellers’ representatives pursuant to which the parties agreed to settle certain interpretive differences regarding the Sellers’ entitlement to the bonus payments described above. Pursuant to this agreement, and in full satisfaction of the Company’s obligations for deferred payments under the purchase agreement for the Geneva acquisition, the Sellers’ representative acknowledged receipt of the first Earnout Payment in the amount of $100,000, the parties agreed that the Company would make aggregate bonus payments to the Sellers’ representatives in the amount of $260,000, and the Company agreed to instruct the escrow agent to release to the Sellers’ representatives the second Earnout Payment in the amount of $200,000. All amounts relating to the Earnout Payments and bonus payments that had not been paid as of the date of the agreement were either paid by the Company or released by the escrow agent on March 18, 2021. This agreement resulted in a charge to selling, general and administrative expenses of $210,000 in the quarter ended February 28, 2021. No further earnout or bonus amounts can be earned or will be paid subsequent to March 18, 2021. The acquisition was accounted for as an acquisition of a business in accordance with the acquisition method of accounting. The acquired assets and assumed liabilities were recorded at their fair values. The Company determined the fair values with the assistance of valuations performed by an independent third-party specialist. The Company incurred approximately $498,000 in legal fees, business broker fees, valuation services, accounting fees and other expenses to complete the Geneva acquisition. Included in this amount is additional bonus payments to the Sellers of $210,000 related to the March 17, 2021 agreement discussed above. All acquisition related costs have been expensed as incurred and included in selling, general and administrative expenses for the fiscal year ended May 31, 2021. The following table summarizes the components of the purchase price at fair values at September 1, 2020: Cash consideration paid $ 2,983,264 Estimated earnout and other liabilities 358,796 Total purchase price $ 3,342,060 The following table summarizes the allocation of purchase price at estimated fair values at September 1, 2020: Cash $ 241,946 Accounts receivable 778,930 Prepaid expenses 5,249 Intangible assets (see Note 11) 1,800,000 Goodwill 785,883 Accrued expenses (269,948 ) Net assets $ 3,342,060 The following unaudited pro forma financial information presents the combined operating results of the Company and Geneva as if the acquisition had occurred as of the beginning of the earliest period presented. Pro forma data is subject to various assumptions and estimates and is presented for informational purposes only. This pro forma data does not purport to represent or be indicative of the consolidated operating results that would have been reported had the transaction been completed as described herein, and the data should not be taken as indicative of future operating results. Unaudited pro forma financial information assuming the acquisition of Geneva as of June 1, 2020 is presented in the following table (in thousands): Fiscal Year Ended May 31, 2021 Revenue $ 70,258 Net loss $ (756 ) Earnings loss per share $ (0.39 )

Intangible Assets

Intangible Assets	12 Months Ended
	May 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	(11) Intangible Assets The Company amortizes its intangible assets over their estimated useful lives and will review these assets for impairment when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is measured by comparing the carrying amounts to the future undiscounted cash flows the assets are expected to generate. If intangible assets are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the asset exceeds its fair market value. Intangible assets are as follows: May 31, May 31, 2021 Amortization 2022 Database (estimated life 5 years) $ 195,500 $ 46,000 $ 149,500 Non-compete agreement (estimated life 2 years) 6,250 5,000 1,250 Trademark (estimated life 3 years) 45,000 20,000 25,000 Customer relationships (estimated life 15 years) 1,425,000 100,000 1,325,000 Total $ 1,671,750 $ 171,000 $ 1,500,750 No instances of triggering events or impairment indicators were identified at May 31, 2022 or 2021.

Related Party Transactions

Related Party Transactions	12 Months Ended
	May 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	(12) Related Party Transactions On January 5, 2021, the members of the Board of Directors of the Company other than Robert Fitzgerald approved providing a waiver to QAR Industries, Inc. for its contemplated acquisition of shares owned by Fintech Consulting LLC under the Company’s then existing rights agreement (which covered a now non-existent class of Class A preferred stock) so that a distribution date would not occur under such agreement as a result of the acquisition. QAR Industries, Inc. and Fintech Consulting LLC were both principal stockholders of the Company, each owning more than 5% of the Company’s outstanding common stock prior to the consummation of the acquisition. Robert Fitzgerald is the President and majority shareholder of QAR Industries, Inc. The other directors of the Company are not affiliated with QAR Industries, Inc. On February 3, 2021, the transaction was completed and QAR Industries, Inc. purchased 348,414 shares of TSR’s common stock from Fintech Consulting LLC at a price of $7.25 per share. At the same time, Bradley M. Tirpak, Chairman of TSR, purchased 27,586 shares of TSR’s common stock from Fintech Consulting LLC at a price of $7.25 per share. The foregoing transaction is currently the subject of litigation due to a complaint filed by Fintech Consulting LLC on December 1, 2021. For more information about the foregoing complaint and litigation, please see Note 15 to the Consolidated Financial Statements and the Company’s Current Report on Form 8-K filed with the SEC on December 21, 2021. The Company has provided placement services for an entity in which a Board of Director of the Company is the CEO. Revenues for such services in fiscal 2022 were approximately $59,000. There were no amounts outstanding as accounts receivable from this entity as of May 31.2022.

Common Stock

Common Stock	12 Months Ended
	May 31, 2022
Stockholders' Equity Note [Abstract]
Common Stock	(13) Common Stock Our certificate of incorporation, as amended, authorizes the issuance of up to 12,500,000 shares of common stock, $0.01 par value per share. On October 8, 2021, the Company filed an automatic shelf registration statement on Form S-3 (File No. 333-260152) (the “2021 TSRI Shelf”) which contains (i) a base prospectus, which covers the offering, issuance and sale by the Company of up to $5,000,000 in the aggregate of shares of common stock from time to time in one or more offerings; and (ii) a sales agreement prospectus, which covers the offering, issuance and sale by the Company of up to $4,167,000 in the aggregate of shares of common stock that may be issued and sold from time to time under an at-the-market sales agreement (the “2021 ATM”) by and between the Company and A.G.P./Alliance Global Partners, as sales agent (the “2021 Agent”). The $4,167,000 of common stock that may be offered, issued and sold under the sales agreement prospectus is included in the $5,000,000 of shares of common stock that may be offered, issued and sold by the Company under the base prospectus. Upon termination of the sales agreement, any portion of the $4,167,000 included in the sales agreement prospectus that is not sold pursuant to the sales agreement will be available for sale in other offerings pursuant to the base prospectus and if no shares are sold under the agreement, the full $4,167,000 of securities may be sold in other offerings pursuant to the base prospectus. Under the 2021 ATM, we pay the 2021 Agent a commission rate equal to 3.0% of the gross sales price per share of all shares sold through the 2021 Agent under the sales agreement. During the fiscal year ended May 31, 2022, we sold an aggregate of 142,500 shares of common stock pursuant to the 2021 ATM for total gross proceeds of $1,965,623 at an average selling price of $13.79 per share, resulting in net proceeds of $1,783,798 after deducting $181,825 in commissions and other transactions costs. The 2021 TSRI Shelf is currently our only active shelf-registration statement. We may offer TSR common stock registered under the 2021 TSRI Shelf from time to time in response to market conditions or other circumstances if we believe such a plan of financing is in the best interests of our stockholders. We believe that the 2021 TSRI Shelf provides us with the flexibility to raise additional capital to finance our operations as needed. However, there is no assurance we will be successful in doing so.

Stock-based Compensation Expens

Stock-based Compensation Expense	12 Months Ended
	May 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	(14) Stock-based Compensation Expense On January 28, 2021, the Company granted 108,333 shares in time vesting restricted stock awards and 69,167 shares in time and performance vesting restricted stock awards to officers, directors and key employees under the TSR, Inc. 2020 Equity Incentive Plan (the “Plan”). The time vesting shares vest in tranches at the one, two and three-year anniversaries of the grants (“service condition”). These shares had a grant date fair value of $826,000 based on the closing price of TSR’s common stock on the day prior to the grants. The associated compensation expense is recognized on a straight-line basis over the time between grant date and the date the shares vest (the “service period”). The time and performance vesting shares also vest in tranches at or after the two- and three-year anniversaries of the grants. The performance condition is defined in the grant agreements and relates to the market price of the Company’s common stock over a stated period of time (“market condition”). These shares had a grant date value of $262,000 based on the closing price of TSR common shares on the day prior to the grants discounted by an estimated forfeiture rate of 40-60%. The Company took into account the historical volatility of its common stock to assess the probability of satisfying the market condition. The associated compensation expense is recognized on a straight-line basis between the time the achievement of the performance criteria is deemed probable and the time the shares may vest. The market condition for the shares that vest on the two-year anniversary was met in October 2021. During the fiscal years ended May 31, 2022 and 2021, $565,000 and $236,000, respectively, has been record as stock-based compensation expense and included in selling, general and administrative expenses. As of May 31, 2022, there is approximately $287,000 of unearned compensation expense that will be expensed through February 2024; 142,666 stock awards expected to vest; 56,666 awards vested to date, of which 14,780 were forfeited to pay taxes applicable to the stock awards.

Pending Legal Issue

Pending Legal Issue	12 Months Ended
	May 31, 2022
Pending Legal Issue Table [Abstract]
Pending Legal Issue	(15) Pending Legal Issue On December 1, 2021, Fintech Consulting LLC filed a complaint against the Company in the United States District Court for the District of New Jersey. The named Defendants in the complaint are the Company, QAR Industries, Inc., a shareholder of TSR (“QAR”), Robert E. Fitzgerald, a director and shareholder of TSR and the President, director and a shareholder of QAR (“Fitzgerald”), and Bradley Tirpak, a shareholder and the chairman of the board of directors of TSR (“Tirpak”). The complaint purports to assert claims against the Defendants under state law and Section 10(b) of the Exchange Act in connection with a Share Purchase Agreement, dated January 31, 2021, by and between the Plaintiff, as the seller of shares of TSR's common stock, and QAR and Tirpak, as the purchasers of such shares (the “SPA”). The plaintiff seeks (i) judgment declaring the transactions represented by the SPA null and avoid and returning the shares; (ii) judgment cancelling the SPA and returning the shares in exchange for return of the purchase price; (iii) judgement unwinding the transaction; (iv) compensatory damages; (v) punitive damages; (vi) pre-judgment interest; (vii) costs of suit including attorneys’ fees; and (viii) such other relief as the Court may find appropriate. See Note 12 to the Consolidated Financial Statements elsewhere in this report and the Company’s Current Report on Form 8-K filed with the SEC on December 21, 2021 for more information. The Company believes the action described above to be without merit and intends to vigorously defend its interests. However, the Company may incur significant additional legal expenses as it pursues a vigorous defense against this action. While the Company believes the action to be without merit, no assurances can be given as to: (i) the outcome of this or other legal proceedings and (ii) the related impact of an unanticipated adverse outcome of these proceedings on the Company's financial condition, results of operations or near-term liquidity.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	May 31, 2022
Accounting Policies [Abstract]
Business, Nature of Operations and Customer Concentrations	(a) Business, Nature of Operations and Customer Concentrations TSR, Inc. and Subsidiaries (the “Company,” “TSR,” “we,” “us” and “our”) 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 (“IT”) capabilities. In addition, beginning in fiscal 2017, the Company has provided and continues to provide administrative (non-IT) workers on a contract basis to some of its existing customers, including new customers acquired following the Geneva acquisition. In fiscal 2022, four customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 67.7%. The largest of these constituted 21.5% of consolidated revenue. In fiscal 2021, three customers each accounted for more than 10% of the Company’s consolidated revenue, constituting a combined 54.3%. The largest of these constituted 22.4% of consolidated revenue. The accounts receivable balances associated with the Company’s largest customers were $8,668,000 for four customers at May 31, 2022 and $4,585,000 for three customers at May 31, 2021. The Company operates in one business segment, contract staffing services.
Principles of Consolidation	(b) Principles of Consolidation The consolidated financial statements include the accounts of TSR and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Revenue Recognition	(c) Revenue Recognition Revenues are recognized as control of the promised service is transferred to customers, in an amount that reflects the consideration expected in exchange for the services. Revenues from contract assignments are recognized over time, based on hours worked by the Company’s contract professionals. The performance of the requested service over time is the single performance obligation for assignment revenues. Certain customers may receive discounts (e.g., volume discounts, rebates, prompt-pay discounts) and adjustments to the amounts billed. These discounts, rebates and adjustments are considered variable consideration. Volume discounts are the largest component of variable consideration and are estimated using the most likely amount method prescribed by Accounting Standards Codification (“ASC”) 606, contracts terms and estimates of revenue. Revenues are recognized net of variable consideration to the extent that it is probable that a significant reversal of revenues will not occur in subsequent periods. Payment terms vary and the time between invoicing and when payment is due is not significant. There are no financing components to the Company’s arrangements. There are no incremental costs to obtain contracts and costs to fulfill contracts are expensed as incurred. The Company’s operations are primarily located in the United States. The Company recognizes most of its revenue on a gross basis when it acts as a principal in its transactions. The Company has direct contractual relationships with its customers, bears the risks and rewards of its arrangements, and has the discretion to select the contract professionals and establish the price for the services to be provided. Additionally, the Company retains control over its contract professionals based on its contractual arrangements. The Company primarily provides services through its employees and to a lesser extent, through subcontractors; the related costs are included in cost of sales. The Company includes billable expenses (out-of-pocket reimbursable expenses) in revenue and the associated expenses are included in cost of sales.
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, 2022 and 2021: 2022 2021 Cash in banks $ 6,436,012 $ 7,317,517 Money market funds 54,146 53,129 $ 6,490,158 $ 7,370,646
Marketable Securities	(e) 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, 2022 and 2021 using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3): May 31, 2022 Level 1 Level 2 Level 3 Total Equity Securities $ 35,536 $ - $ - $ 35,536 May 31, 2021 Level 1 Level 2 Level 3 Total Equity Securities $ 45,696 $ - $ - $ 45,696 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, 2022 and 2021 are summarized as follows: May 31, 2022 Amortized Gross Gross Recorded Equity Securities $ 16,866 $ 18,670 $ - $ 35,536 May 31, 2021 Equity Securities $ 16,866 $ 28,830 $ - $ 45,696 The Company’s investments in marketable securities consist primarily of investments in 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 Income (Loss) Per Common Share	(h) Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders of TSR by the weighted average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. During the fiscal year ended May 31, 2021, the Company granted time and performance vesting stock awards under its 2020 Equity Incentive Plan (see Note 14 for further information). Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the reporting period. The common stock equivalents associated with these stock awards of 73,573 in the fiscal year ended May 31, 2022 have been included for diluted shares outstanding for the fiscal year ended May 31, 2022. The common stock equivalents associated with these stock awards of 78,901 in the fiscal year ended May 31, 2021 have not been included for diluted shares outstanding for the fiscal year May 31, 2021 since the effect would be anti-dilutive due to the net loss incurred for the period.
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 820-10, Fair Value Measurements and Disclosures The Company determines or calculates the fair value of financial instruments using quoted market prices in active markets when such information is available or using appropriate present value or other valuation techniques, such as discounted cash flow analyses, incorporating available market discount rate information for similar types of instruments while estimating for non-performance and liquidity risk. These techniques are significantly affected by the assumptions used, including the discount rate, credit spreads and estimates of future cash flows. Assets and liabilities typically recorded at fair value on a non-recurring basis to which ASC 820-10 applies include: ● non-financial assets and liabilities initially measured at fair value in an acquisition or business combination, and ● long-lived assets measured at fair value due to an impairment assessment under ASC 360-10-15, Impairment or Disposal of Long-Lived Assets This topic defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a three-level hierarchy, which encourages an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820-10 requires that assets and liabilities recorded at fair value be classified and disclosed in one of the following three categories: ● Level 1 - inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. ● Level 2 - inputs utilize other-than-quoted prices that are observable, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs such as interest rates and yield curves that are observable at commonly quoted intervals. ● Level 3 - inputs are unobservable and are typically based on the Company’s own assumptions, including situations where there is little, if any, market activity. Both observable and unobservable inputs may be used to determine the fair value of positions that are classified within the Level 3 classification. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the Company classifies such financial assets or liabilities based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. ASC Topic 825, Financial Instruments
Use of Estimates	(k) Use of Estimates The preparation of financial statements in conformity with GAAP 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.
Goodwill	(m) Goodwill Goodwill is recorded when the purchase price paid for an acquisition exceeds the estimated fair value of the net identified tangible and intangible assets acquired. Goodwill is not amortized but is subject to impairment analysis at least once annually or more frequently upon the occurrence of an event or when circumstances indicate that the carrying amount of a unit is greater than its fair value. The annual test of goodwill was performed as of September 1, 2021 and no impairment was found. There was no change in goodwill in fiscal 2022.
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. As a percentage of revenue, the four largest customers consisted of 64.3% of the net accounts receivable balance at May 31, 2022.

Summary of Business and Signi_2

Summary of Business and Significant Accounting Policies (Tables)	12 Months Ended
	May 31, 2022
Accounting Policies [Abstract]
Schedule of considers short-term highly liquid investments	2022 2021 Cash in banks $ 6,436,012 $ 7,317,517 Money market funds 54,146 53,129 $ 6,490,158 $ 7,370,646
Schedule of major categories of assets measured at fair value on a recurring basis	May 31, 2022 Level 1 Level 2 Level 3 Total Equity Securities $ 35,536 $ - $ - $ 35,536 May 31, 2021 Level 1 Level 2 Level 3 Total Equity Securities $ 45,696 $ - $ - $ 45,696
Schedule of marketable securities	May 31, 2022 Amortized Gross Gross Recorded Equity Securities $ 16,866 $ 18,670 $ - $ 35,536 May 31, 2021 Equity Securities $ 16,866 $ 28,830 $ - $ 45,696
Schedule of depreciation and amortization of equipment and leasehold improvements	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
	May 31, 2022
Income Tax Disclosure [Abstract]
Schedule of the provision for income taxes computed at the federal statutory rates	2022 2021 Amount % Amount % Amounts at statutory federal tax rate $ 1,470,000 21.0 % $ (144,000 ) (21.0 )% PPP Loan Forgiveness (1,414,000 ) (20.2 ) - (0.7 ) Noncontrolling interest (15,000 ) (0.2 ) (5,000 ) (0.7 ) State and local taxes, net of federal income tax effect 12,000 0.2 (23,000 ) (3.4 ) Federal benefit of state NOL - - 50,000 7.3 Non-deductible expenses and other (54,000 ) (0.8 ) 13,000 1.9 $ (1,000 ) (0.0 )% $ (109,000 ) (15.9 )%
Schedule of the provision for income taxes	Federal State Total 2022: Current $ - $ 30,000 $ 30,000 Deferred (19,000 ) (12,000 ) (31,000 ) $ (19,000 ) $ 18,000 $ (1,000 ) 2021: Current $ - $ 48,000 $ 48,000 Deferred (96,000 ) (61,000 ) (157,000 ) $ (96,000 ) $ (13,000 ) $ (109,000 )
Schedule of temporary differences that give rise to significant portions of the deferred income tax	2022 2021 Allowance for doubtful accounts receivable $ 55,000 $ 52,000 Accrued compensation and other accrued expenses 43,000 26,000 Net operating loss carryforwards 508,000 421,000 Equipment and leasehold improvement depreciation and amortization (40,000 ) (32,000 ) Unrealized gain (5,000 ) (8,000 ) Legal settlement with investor 180,000 275,000 Non-cash stock compensation 111,000 70,000 Non-cash lease expense 17,000 36,000 Accumulated amortization 90,000 95,000 Other items, net 13,000 6,000 Total deferred income tax assets $ 972,000 $ 941,000

Leases (Tables)

Leases (Tables)	12 Months Ended
	May 31, 2022
Leases [Abstract]
Schedule of future minimum lease payments under non-cancelable operating leases	Twelve Months Ended May 31, 2023 $ 256,604 2024 179,035 2025 123,840 2026 126,936 2027 130,109 Thereafter - Total undiscounted operating lease payments 816,524 Less imputed interest 109,156 Present value of operating lease payments $ 707,368
Schedule of right-of-use assets and operating lease liabilities	Assets Right-of-use assets $ 652,020 Liabilities Current operating lease liabilities $ 214,941 Long-term operating lease liabilities 492,427 Total operating lease liabilities $ 707,368

Geneva Consulting Group Acqui_2

Geneva Consulting Group Acquisition (Tables)	12 Months Ended
	May 31, 2022
Business Combinations [Abstract]
Schedule of purchase price at fair values	Cash consideration paid $ 2,983,264 Estimated earnout and other liabilities 358,796 Total purchase price $ 3,342,060
Schedule of allocation of purchase price at preliminary estimated fair values	Cash $ 241,946 Accounts receivable 778,930 Prepaid expenses 5,249 Intangible assets (see Note 11) 1,800,000 Goodwill 785,883 Accrued expenses (269,948 ) Net assets $ 3,342,060
Schedule of unaudited pro forma financial information	Fiscal Year Ended May 31, 2021 Revenue $ 70,258 Net loss $ (756 ) Earnings loss per share $ (0.39 )

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	May 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	May 31, May 31, 2021 Amortization 2022 Database (estimated life 5 years) $ 195,500 $ 46,000 $ 149,500 Non-compete agreement (estimated life 2 years) 6,250 5,000 1,250 Trademark (estimated life 3 years) 45,000 20,000 25,000 Customer relationships (estimated life 15 years) 1,425,000 100,000 1,325,000 Total $ 1,671,750 $ 171,000 $ 1,500,750

Summary of Business and Signi_3

Summary of Business and Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Summary of Business and Significant Accounting Policies (Details) [Line Items]
Concentration risk percentage	10%	10%
Constituting combined risk percentage	67.70%	54.30%
Largest concentration risk percentage	21.50%	22.40%
Accounts receivable with largest customers (in Dollars)	$ 8,668,000	$ 4,585,000
Number of customers	4	3
Stock awards (in Dollars)	$ 73,573	$ 78,901
Accounts Receivable [Member]
Summary of Business and Significant Accounting Policies (Details) [Line Items]
Largest concentration risk percentage	64.30%

Summary of Business and Signi_4

Summary of Business and Significant Accounting Policies (Details) - Schedule of considers short-term highly liquid investments - USD ($)	May 31, 2022	May 31, 2021
Schedule of considers short-term highly liquid investments [Abstract]
Cash in banks	$ 6,436,012	$ 7,317,517
Money market funds	54,146	53,129
Total	$ 6,490,158	$ 7,370,646

Summary of Business and Signi_5

Summary of Business and Significant Accounting Policies (Details) - Schedule of major categories of assets measured at fair value on a recurring basis - Equity Securities [Member] - USD ($)	May 31, 2022	May 31, 2021
Summary of Business and Significant Accounting Policies (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Assets measured at fair value, total	$ 35,536	$ 45,696
Level 1 [Member]
Summary of Business and Significant Accounting Policies (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Assets measured at fair value, total	35,536	45,696
Level 2 [Member]
Summary of Business and Significant Accounting Policies (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Assets measured at fair value, total
Level 3 [Member]
Summary of Business and Significant Accounting Policies (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Assets measured at fair value, total

Summary of Business and Signi_6

Summary of Business and Significant Accounting Policies (Details) - Schedule of marketable securities - Equity Securities [Member] - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 16,866	$ 16,866
Gross Unrealized Holding Gains	18,670	28,830
Gross Unrealized Holding Losses
Recorded Value	$ 35,536	$ 45,696

Summary of Business and Signi_7

Summary of Business and Significant Accounting Policies (Details) - Schedule of depreciation and amortization of equipment and leasehold improvements	12 Months Ended
	May 31, 2022
Equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation and amortization of equipment and leasehold improvements, useful life	3 years
Furniture and Fixtures [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation and amortization of equipment and leasehold improvements, useful life	3 years
Automobiles [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation and amortization of equipment and leasehold improvements, useful life	3 years
Leasehold Improvements [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation and amortization of equipment and leasehold improvements, useful life	Lesser of lease term or useful life

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021	Mar. 27, 2020
Income Tax Disclosure [Abstract]
Percentage of federal statutory rates	21%	21%
Operating loss carryforwards, term	20 years
Federal tax refund (in Dollars)			$ 586,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of the provision for income taxes computed at the federal statutory rates - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Schedule of the provision for income taxes computed at the federal statutory rates [Abstract]
Amounts at statutory federal tax rate, Amount (in Dollars)	$ 1,470,000	$ (144,000)
Amounts at statutory federal tax rate, %	21%	(21.00%)
PPP Loan Forgiveness, Amount (in Dollars)	$ (1,414,000)
PPP Loan Forgiveness, %	(20.20%)	(0.70%)
Noncontrolling interest, Amount (in Dollars)	$ (15,000)	$ (5,000)
Noncontrolling interest, %	(0.20%)	(0.70%)
State and local taxes, net of federal income tax effect, Amount (in Dollars)	$ 12,000	$ (23,000)
State and local taxes, net of federal income tax effect, %	0.20%	(3.40%)
Benefit of NOL at higher federal rate, Amount (in Dollars)		$ 50,000
Benefit of NOL at higher federal rate, %		7.30%
Non-deductible expenses and other, Amount (in Dollars)	$ (54,000)	$ 13,000
Non-deductible expenses and other, %	(0.80%)	1.90%
Provision for income taxes, Amount (in Dollars)	$ (1,000)	$ (109,000)
Provision for income taxes, %	0%	(15.90%)

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of the provision for income taxes - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Schedule of the provision for income taxes [Abstract]
Federal tax expense, Current	$ 30,000	$ 48,000
State tax expense, Current	30,000	48,000
Federal tax expense, Deferred	(12,000)	(61,000)
State tax expense, Deferred	(31,000)	(157,000)
Federal provision for income taxes	18,000	(13,000)
State provision for income taxes	$ (1,000)	$ (109,000)

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of temporary differences that give rise to significant portions of the deferred income tax - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Schedule of temporary differences that give rise to significant portions of the deferred income tax [Abstract]
Allowance for doubtful accounts receivable	$ 55,000	$ 52,000
Accrued compensation and other accrued expenses	43,000	26,000
Net operating loss carryforwards	508,000	421,000
Equipment and leasehold improvement depreciation and amortization	(40,000)	(32,000)
Unrealized gain	(5,000)	(8,000)
Legal settlement with investor	180,000	275,000
Non-cash stock compensation	111,000	70,000
Non-cash lease expense	17,000	36,000
Accumulated amortization	90,000	95,000
Other items, net	13,000	6,000
Total deferred income tax assets	$ 972,000	$ 941,000

Leases (Details)

Leases (Details) - USD ($)	6 Months Ended	12 Months Ended
	Nov. 30, 2020	May 31, 2022	May 31, 2021
Leases [Abstract]
Lease expiration, description		The lease agreements for New York City, Hauppauge and New Jersey expire on August 31, 2022, December 31, 2023 and May 31, 2027, respectively, and do not include any renewal options. During the fiscal year ended May 31, 2021, the Company extended its lease in Hauppauge, entered into a lease in a new location for its New Jersey office, and entered into a sublease agreement for the remainder of the lease in New York City.
Right-of-use asset impairment charge	$ 136,599		$ 136,599
Operating lease expense		$ 326,000	$ 385,000
Operating lease, weighted average remaining lease term		3 years 3 months 18 days

Leases (Details) - Schedule of

Leases (Details) - Schedule of future minimum lease payments under non-cancelable operating leases	May 31, 2022 USD ($)
Schedule of future minimum lease payments under non-cancelable operating leases [Abstract]
2023	$ 256,604
2024	179,035
2025	123,840
2026	126,936
2027	130,109
Thereafter
Total undiscounted operating lease payments	816,524
Less imputed interest	109,156
Present value of operating lease payments	$ 707,368

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of right-of-use assets and operating lease liabilities	12 Months Ended
	May 31, 2022 USD ($)
Schedule of right-of-use assets and operating lease liabilities [Abstract]
Right-of-use assets	$ 652,020
Current operating lease liabilities	214,941
Long-term operating lease liabilities	492,427
Total operating lease liabilities	$ 707,368

Credit Facility (Details)

Credit Facility (Details) - USD ($)	1 Months Ended		12 Months Ended
	Nov. 30, 2019	Nov. 27, 2019	May 31, 2022
Credit Facility (Details) [Line Items]
Borrowed amount under credit facility			$ 2,000,000
Line of credit facility, description			Advances under the Credit Facility accrue interest at a rate per annum equal to (x) the “base rate” or “prime rate” announced by Citibank, N.A. from time to time, which shall be increased or decreased, as the case may be, in an amount equal to each increase or decrease in such “base rate” or “prime rate,” plus (y) 1.75%. The prime rate as of May 31, 2022 was 4.00%, indicating an interest rate of 5.75% on the Credit Facility. The initial term of the Credit Facility is five years, which shall automatically renew for successive five-year periods unless either TSR or the Lender gives written notice to the other of termination at least 60 days prior to the expiration date of the then-current term.
Net borrowings outstanding			$ 62,000
Loan and Security Agreement [Member]
Credit Facility (Details) [Line Items]
Borrowed amount under credit facility		$ 7,000,000
Credit Facility [Member]
Credit Facility (Details) [Line Items]
Borrowed amount under credit facility	$ 2,000,000

Legal Settlement with Investor

Legal Settlement with Investor (Details) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Apr. 01, 2020	May 31, 2022	May 31, 2021	Aug. 13, 2020	Feb. 29, 2020
Legal Settlement with Investor (Details) [Line Items]
Legal settlement amount payable			$ 900,000
Settlement period			3 years
Due payment		$ 300,000
Accrued interest rate, percentage						3.75%
Accrued liabilities				$ 1,063,466	$ 884,531		$ 818,000
Effective interest rate							5%
Cash payments				$ 300,000
Third Cash Payment [Member]
Legal Settlement with Investor (Details) [Line Items]
Cash payment		$ 300,000
Forecast [Member]
Legal Settlement with Investor (Details) [Line Items]
Cash payment	$ 300,000
Forecast [Member] | Second Cash Payment [Member]
Legal Settlement with Investor (Details) [Line Items]
Cash payment	$ 300,000

Termination of Former CEO (Deta

Termination of Former CEO (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Oct. 30, 2021	Aug. 31, 2021	May 31, 2022
Termination of Former CEO [Abstract]
Discovery expenses	$ 705,000
General and administrative expenses		$ 580,000	$ 580,000
Enhanced severance amount, description			(1) breach of his employment contract; and (2) breach of the duty of good faith and fair dealing. Hughes alleged that he was terminated without cause or in the alternative that he resigned for good reason and therefore, pursuant to the Amended and Restated Employment Agreement, dated August 9, 2018, between the Company and Hughes, Hughes sought severance pay in the amount of $1,000,000 and reasonable costs and attorney’s fees.

Payroll Protection Program Lo_2

Payroll Protection Program Loan (Details) - Paycheck Protection Program [Member] - USD ($)		3 Months Ended	12 Months Ended
	Apr. 15, 2020	Aug. 31, 2021	May 31, 2022
Payroll Protection Program Loan (Details) [Line Items]
Proceeds from loan	$ 6,659,220
Other income		$ 6,735,246	$ 6,735,246

Geneva Consulting Group Acqui_3

Geneva Consulting Group Acquisition (Details) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Mar. 17, 2021	Feb. 28, 2022	May 31, 2022	May 31, 2021
Geneva Consulting Group Acquisition (Details) [Line Items]
Acquisition, description			The purchase price for the shares of Geneva was comprised of the following: (i) $1,452,000 in cash paid to Sellers at the closing of the acquisition, (ii) an amount of $748,000, which was equal to the amount of Geneva’s loan under the PPP that was not assumed by the Company and was substantially forgiven by the SBA, (iii) an amount up to $300,000 originally payable as an earnout payment in part in February 2021 and in part in August 2021 (the “Earnout Payments”), (iv) bonus payments payable in $10,000 increments, (v) $747,000 for the net working capital of Geneva as of closing and (vi) other purchase price adjustments of $36,000. Any Earnout Payments and bonus payments were to be determined based upon the achievement of certain criteria relating to the number the Company’s contractors working full-time at the Company’s client locations on such dates.
Earnout payments, description	Pursuant to this agreement, and in full satisfaction of the Company’s obligations for deferred payments under the purchase agreement for the Geneva acquisition, the Sellers’ representative acknowledged receipt of the first Earnout Payment in the amount of $100,000, the parties agreed that the Company would make aggregate bonus payments to the Sellers’ representatives in the amount of $260,000, and the Company agreed to instruct the escrow agent to release to the Sellers’ representatives the second Earnout Payment in the amount of $200,000.
Other General and Administrative Expense		$ 210,000
Payment for bonus	$ 210,000
Geneva acquisition [Member]
Geneva Consulting Group Acquisition (Details) [Line Items]
Other expenses				$ 498,000

Geneva Consulting Group Acqui_4

Geneva Consulting Group Acquisition (Details) - Schedule of purchase price at fair values	Sep. 01, 2020 USD ($)
Schedule of purchase price at fair values [Abstract]
Cash consideration paid	$ 2,983,264
Estimated earnout and other liabilities	358,796
Total purchase price	$ 3,342,060

Geneva Consulting Group Acqui_5

Geneva Consulting Group Acquisition (Details) - Schedule of allocation of purchase price at preliminary estimated fair values	Sep. 01, 2020 USD ($)
Schedule of allocation of purchase price at preliminary estimated fair values [Abstract]
Cash	$ 241,946
Accounts receivable	778,930
Prepaid expenses	5,249
Intangible assets (see Note 11)	1,800,000
Goodwill	785,883
Accrued expenses	(269,948)
Net assets	$ 3,342,060

Geneva Consulting Group Acqui_6

Geneva Consulting Group Acquisition (Details) - Schedule of unaudited pro forma financial information	12 Months Ended
	May 31, 2021 USD ($) $ / shares
Schedule of unaudited pro forma financial information [Abstract]
Revenue	$ 70,258
Net loss	$ (756)
Earnings loss per share (in Dollars per share) | $ / shares	$ (0.39)

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets - USD ($)	12 Months Ended
	May 31, 2022	May 31, 2021
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life		$195,500
Intangible assets identified at beginning	$ 46,000
Amortization	149,500
Non-compete agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life		6,250
Intangible assets identified at beginning	5,000
Amortization	1,250
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life		45,000
Intangible assets identified at beginning	20,000
Amortization	25,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life		1,425,000
Intangible assets identified at beginning	100,000
Amortization	1,325,000
Total [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated life		$1,671,750
Intangible assets identified at beginning	171,000
Amortization	$ 1,500,750

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	May 31, 2022	Feb. 03, 2021	Jan. 05, 2021
Related Party Transactions (Details) [Line Items]
Common stock outstanding percentage			5%
Services	$ 59,000
Chairman [Member]
Related Party Transactions (Details) [Line Items]
Shares purchased		27,586
QAR Industries, Inc. [Member]
Related Party Transactions (Details) [Line Items]
Shares purchased		348,414
Fintech Consulting LLC [Member]
Related Party Transactions (Details) [Line Items]
Price per share		$ 7.25
Fintech Consulting LLC [Member] | Chairman [Member]
Related Party Transactions (Details) [Line Items]
Price per share		$ 7.25

Common Stock (Details)

Common Stock (Details) - USD ($)		12 Months Ended
	Oct. 08, 2021	May 31, 2022	May 31, 2021
Stockholders' Equity Note [Abstract]
Common stock authorizes (in Shares)		12,500,000	12,500,000
Common stock par value per share (in Dollars per share)		$ 0.01	$ 0.01
Common stock pursuant (in Shares)		142,500
Gross proceeds		$ 1,965,623
Selling price of per share (in Dollars per share)		$ 13.79
Net proceeds		$ 1,783,798
Commissions and other transactions costs		$ 181,825
Common stock, description	(i) a base prospectus, which covers the offering, issuance and sale by the Company of up to $5,000,000 in the aggregate of shares of common stock from time to time in one or more offerings; and (ii) a sales agreement prospectus, which covers the offering, issuance and sale by the Company of up to $4,167,000 in the aggregate of shares of common stock that may be issued and sold from time to time under an at-the-market sales agreement (the “2021 ATM”) by and between the Company and A.G.P./Alliance Global Partners, as sales agent (the “2021 Agent”). The $4,167,000 of common stock that may be offered, issued and sold under the sales agreement prospectus is included in the $5,000,000 of shares of common stock that may be offered, issued and sold by the Company under the base prospectus. Upon termination of the sales agreement, any portion of the $4,167,000 included in the sales agreement prospectus that is not sold pursuant to the sales agreement will be available for sale in other offerings pursuant to the base prospectus and if no shares are sold under the agreement, the full $4,167,000 of securities may be sold in other offerings pursuant to the base prospectus. Under the 2021 ATM, we pay the 2021 Agent a commission rate equal to 3.0% of the gross sales price per share of all shares sold through the 2021 Agent under the sales agreement.

Stock-based Compensation Expe_2

Stock-based Compensation Expense (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 28, 2021	May 31, 2022	May 31, 2021
Stock-based Compensation Expense (Details) [Line Items]
Shares granted (in Shares)	108,333
Stock option vested (in Shares)	69,167
Shares granted	$ 826,000
Option granted based on the closing price	$ 262,000
Stock based compensation expense		$ 565,000	$ 236,000
Compensation expense, Description		As of May 31, 2022, there is approximately $287,000 of unearned compensation expense that will be expensed through February 2024; 142,666 stock awards expected to vest; 56,666 awards vested to date, of which 14,780 were forfeited to pay taxes applicable to the stock awards.
Minimum [Member]
Stock-based Compensation Expense (Details) [Line Items]
Estimated forfeiture rates	40%
Maximum [Member]
Stock-based Compensation Expense (Details) [Line Items]
Estimated forfeiture rates	60%