TSR (TSRI) 10-Q 11 Apr 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Feb. 28, 2023	Apr. 11, 2023
Document Information Line Items
Entity Registrant Name	TSR, Inc.
Trading Symbol	TSRI
Document Type	10-Q
Current Fiscal Year End Date	--05-31
Entity Common Stock, Shares Outstanding		2,119,734
Amendment Flag	false
Entity Central Index Key	0000098338
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Feb. 28, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly 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, Address Line Two	Suite 150
Entity Address, City or Town	Hauppauge
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11788
Local Phone Number	231-0333
City Area Code	631
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Feb. 28, 2023	May 31, 2022
Current Assets:
Cash and cash equivalents	$ 7,569,557	$ 6,490,158
Certificates of deposit and marketable securities	1,009,944	35,536
Accounts receivable, net of allowance for doubtful accounts of $181,000	11,578,563	13,427,562
Other receivables	38,912	39,753
Prepaid expenses	320,635	216,776
Prepaid and recoverable income taxes	17,058	31,795
Total Current Assets	20,534,669	20,241,580
Equipment and leasehold improvements, net of accumulated depreciation and amortization of $252,319 and $195,094, respectively	87,886	138,794
Other assets	48,772	63,270
Right-of-use assets	503,638	652,020
Intangible assets, net	1,375,000	1,500,750
Goodwill	785,883	785,883
Deferred income taxes	479,000	972,000
Total Assets	23,814,848	24,354,297
Current Liabilities:
Accounts payable and other payables	2,269,111	1,425,021
Accrued expenses and other current liabilities	4,048,458	5,818,903
Advances from customers	1,197,370	1,210,992
Credit facility		61,882
Operating lease liabilities - current	171,503	214,941
Legal settlement payable - current		597,566
Total Current Liabilities	7,686,442	9,329,305
Operating lease liabilities, net of current portion	366,195	492,427
Total Liabilities	8,052,637	9,821,732
Commitments and contingencies
Equity:
Preferred stock, $1 par value, authorized 500,000 shares; none issued
Common stock, $.01 par value, authorized 12,500,000 shares; issued 3,322,527 and 3,298,549 shares, 2,147,592 and 2,146,448 outstanding, respectively	33,226	32,986
Additional paid-in capital	7,666,711	7,473,866
Retained earnings	21,718,261	20,470,042
Shareholder's equity before treasury stock	29,418,198	27,976,894
Less: Treasury stock, 1,174,935 and 1,152,101 shares, at cost, respectively	13,694,472	13,514,003
Total TSR, Inc. Equity	15,723,726	14,462,891
Noncontrolling interest	38,485	69,674
Total Equity	15,762,211	14,532,565
Total Liabilities and Equity	$ 23,814,848	$ 24,354,297

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($)	Feb. 28, 2023	May 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts net (in Dollars)	$ 181,000	$ 181,000
Net of accumulated depreciation and amortization (in Dollars)	$ 252,319	$ 195,094
Preferred stock par value (in Dollars per share)	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued
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	3,322,527	3,298,549
Common stock, shares outstanding	2,147,592	2,146,448
Treasury stock, shares	1,174,935	1,152,101

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Income Statement [Abstract]
Revenue, net	$ 24,257,167	$ 24,383,217	$ 76,487,411	$ 71,112,784
Cost of sales	20,267,337	20,590,154	63,433,855	59,461,322
Selling, general and administrative expenses	3,768,902	3,829,819	11,071,679	11,628,284
Cost and expenses, total	24,036,239	24,419,973	74,505,534	71,089,606
Income (loss) from operations	220,928	(36,756)	1,981,877	23,178
Other income (expense):
Interest expense, net	(9,069)	(19,526)	(44,907)	(81,510)
Gain on PPP Loan and interest forgiveness				6,735,246
Unrealized loss on marketable securities, net	(4,112)	(1,200)	(15,592)	(7,536)
Income (loss) before income taxes	207,747	(57,482)	1,921,378	6,669,378
Provision for (benefit from) income taxes	110,000	(14,000)	629,000	(1,000)
Consolidated net income (loss)	97,747	(43,482)	1,292,378	6,670,378
Less: Net income attributable to noncontrolling interest	18,107	3,129	44,159	72,410
Net income (loss) attributable to TSR, Inc.	$ 79,640	$ (46,611)	$ 1,248,219	$ 6,597,968
Basic net income (loss) per TSR, Inc. common share (in Dollars per share)	$ 0.04	$ (0.02)	$ 0.58	$ 3.33
Diluted net income (loss) per TSR, Inc. common share (in Dollars per share)	$ 0.04	$ (0.02)	$ 0.56	$ 3.19
Basic weighted average number of common shares outstanding (in Shares)	2,134,660	2,027,494	2,140,344	1,983,146
Diluted weighted average number of common shares outstanding (in Shares)	2,234,600	2,027,494	2,235,173	2,066,976

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity (Unaudited) - USD ($)	Total	Common stock	Additional paid-in capital	Retained earnings	Treasury stock	TSR, Inc. equity	Non- controlling interest
Balance at May. 31, 2021	$ 5,421,052	$ 31,142	$ 5,339,200	$ 13,540,822	$ (13,514,003)	$ 5,397,161	$ 23,891
Balance (in Shares) at May. 31, 2021		3,114,163
Net income attributable to noncontrolling interest	57,492						57,492
Distribution to noncontrolling interest	(1,750)						(1,750)
Non-cash stock compensation	177,249		177,249			177,249
Net income (loss) attributable to TSR, Inc.	6,401,543			6,401,543		6,401,543
Balance at Aug. 31, 2021	12,055,586	$ 31,142	5,516,449	19,942,365	(13,514,003)	11,975,953	79,633
Balance (in Shares) at Aug. 31, 2021		3,114,163
Net income attributable to noncontrolling interest	11,789						11,789
Distribution to noncontrolling interest	(25,640)						(25,640)
Non-cash stock compensation	177,249		177,249			177,249
Net income (loss) attributable to TSR, Inc.	243,036			243,036		243,036
Balance at Nov. 30, 2021	12,462,020	$ 31,142	5,693,698	20,185,401	(13,514,003)	12,396,238	65,782
Balance (in Shares) at Nov. 30, 2021		3,114,163
Net income attributable to noncontrolling interest	3,129						3,129
Proceeds of sales of stock through ATM	1,821,090	$ 1,425	1,819,665			1,821,090
Proceeds of sales of stock through ATM (in Shares)		142,500
Non-cash stock compensation	141,238		141,238			141,238
Vested stock awards and taxes paid	(91,904)	$ 419	(92,323)			(91,904)
Vested stock awards and taxes paid (in Shares)		41,886
Net income (loss) attributable to TSR, Inc.	(46,611)			(46,611)		(46,611)
Balance at Feb. 28, 2022	14,288,962	$ 32,986	7,562,278	20,138,790	(13,514,003)	14,220,051	68,911
Balance (in Shares) at Feb. 28, 2022		3,298,549
Balance at May. 31, 2022	14,532,565	$ 32,986	7,473,866	20,470,042	(13,514,003)	14,462,891	69,674
Balance (in Shares) at May. 31, 2022		3,298,549
Net income attributable to noncontrolling interest	12,997						12,997
Non-cash stock compensation	69,216		69,216			69,216
Net income (loss) attributable to TSR, Inc.	494,746			494,746		494,746
Balance at Aug. 31, 2022	15,109,524	$ 32,986	7,543,082	20,964,788	(13,514,003)	15,026,853	82,671
Balance (in Shares) at Aug. 31, 2022		3,298,549
Net income attributable to noncontrolling interest	13,055						13,055
Non-cash stock compensation	69,216		69,216			69,216
Purchases of treasury stock	(116,426)				(116,426)	(116,426)
Net income (loss) attributable to TSR, Inc.	673,833			673,833		673,833
Balance at Nov. 30, 2022	15,749,202	$ 32,986	7,612,298	21,638,621	(13,630,429)	15,653,476	95,726
Balance (in Shares) at Nov. 30, 2022		3,298,549
Net income attributable to noncontrolling interest	18,107						18,107
Distribution to noncontrolling interest	(75,348)						(75,348)
Non-cash stock compensation	54,653		54,653			54,653
Purchases of treasury stock	(64,043)				(64,043)	(64,043)
Vested stock awards		$ 240	(240)
Vested stock awards (in Shares)		23,978
Net income (loss) attributable to TSR, Inc.	79,640			79,640		79,640
Balance at Feb. 28, 2023	$ 15,762,211	$ 33,226	$ 7,666,711	$ 21,718,261	$ (13,694,472)	$ 15,723,726	$ 38,485
Balance (in Shares) at Feb. 28, 2023		3,322,527

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022
Cash flows from operating activities:
Consolidated net income	$ 1,292,378	$ 6,670,378
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:
Depreciation and amortization	182,975	170,259
Unrealized loss on marketable securities, net	15,592	7,536
Deferred income taxes	493,000	1,000
Non-cash lease recovery	(21,288)	(47,554)
Forgiveness of principal and accrued interest on SBA PPP Loan		(6,735,246)
Non-cash stock-based compensation expense	193,085	495,736
Changes in operating assets and liabilities:
Accounts receivable	1,848,999	(2,758,279)
Other receivables	841	(5,482)
Prepaid expenses	(103,859)	(43,731)
Prepaid and recoverable income taxes	14,737	(41,723)
Other assets	14,498	1,404
Accounts payable, other payables, accrued expenses and other current liabilities	(926,355)	72,145
Advances from customers	(13,622)	17,902
Legal settlement payable	(597,566)	(276,843)
Net cash provided by (used in) operating activities	2,393,415	(2,472,498)
Cash flows from investing activities:
Purchases of certificates of deposit and marketable securities	(990,000)
Purchases of equipment and leasehold improvements	(6,317)	(81,011)
Net cash used in investing activities	(996,317)	(81,011)
Cash flows from financing activities:
Net repayments on credit facility	(61,882)	(32,728)
Purchases of treasury stock	(180,469)
Net proceeds of ATM stock sales		1,821,090
Tax withholding from vested stock awards		(91,904)
Distribution to noncontrolling interest	(75,348)	(27,390)
Net cash (used in) provided by financing activities	(317,699)	1,669,068
Net increase (decrease) in cash and cash equivalents	1,079,399	(884,441)
Cash and cash equivalents at beginning of period	6,490,158	7,370,646
Cash and cash equivalents at end of period	7,569,557	6,486,205
Supplemental disclosures of cash flow data:
Income taxes paid	121,000	41,000
Interest paid	$ 61,000	$ 59,000

Basis of Presentation

Basis of Presentation	9 Months Ended
	Feb. 28, 2023
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying condensed consolidated interim financial statements include the accounts of TSR, Inc. and its subsidiaries. Unless otherwise stated or the context otherwise requires, the terms “we,” “us,” “our,” “TSR,” and the “Company” refer to TSR, Inc. and its subsidiaries. All significant inter-company balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of May 31, 2022, which has been derived from audited financial statements, and the unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America applying to interim financial information and with the instructions to Form 10-Q of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, certain information and footnote disclosures required by accounting principles generally accepted in the United States of America and normally included in the Company’s annual financial statements have been condensed or omitted. These condensed consolidated interim financial statements as of and for the three months and nine months ended February 28, 2023 are unaudited; however, in the opinion of management, such statements include all adjustments (consisting of normal recurring adjustments) necessary to present fairly the consolidated financial position, results of operations and cash flows of the Company for the periods presented. The results of operations for the interim periods presented are not necessarily indicative of the results that might be expected for future interim periods or for the full year ending May 31, 2023. These condensed consolidated interim financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended May 31, 2022.

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Feb. 28, 2023
Earnings Per Share [Abstract]
Net Income Per Common Share	2. Net Income Per Common Share Basic net income per common share is computed by dividing net income 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 quarter ended February 28, 2021, the Company granted time and performance vesting restricted stock awards under its 2020 Equity Incentive Plan (see Note 16 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 restricted stock awards of 99,940, 0, 94,829, and 83,830 have been included for dilutive shares outstanding for the three and nine months ended February 28, 2023 and 2022, respectively. There were no dilutive shares in the quarter ended February 28, 2022 due to a net loss for the quarter.

Cash and Cash Equivalents

Cash and Cash Equivalents	9 Months Ended
	Feb. 28, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	3. Cash and Cash Equivalents The Company considers short-term highly liquid investments with original 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 February 28, 2023 and May 31, 2022: February 28, May 31, Cash in banks $ 5,728,624 $ 6,436,012 Certificates of deposit 495,000 - Money market funds 1,345,933 54,146 $ 7,569,577 $ 6,490,158

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Feb. 28, 2023
Fair Value of Financial Instruments [Abstract]
Fair Value of Financial Instruments	4. Fair Value of Financial Instruments Accounting Standards Codification (“ASC”) Topic 825, Financial Instruments

Certificates of Deposit and Mar

Certificates of Deposit and Marketable Securities	9 Months Ended
	Feb. 28, 2023
Certificates of Deposit and Marketable Securities [Abstract]
Certificates of Deposit and Marketable Securities	5. 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 condensed 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 February 28, 2023 and May 31, 2022 using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2) and significant unobservable inputs (Level 3): February 28, 2023 Level 1 Level 2 Level 3 Total Certificates of Deposit $ 990,000 $ - $ - $ 990,000 Equity Securities 19,944 - - 19,944 $ 1,009,944 $ - $ - $ 1,009,944 May 31, 2022 Level 1 Level 2 Level 3 Total Equity Securities $ 35,536 $ - $ - $ 35,536 Based upon the Company’s intent and ability to hold its certificates of deposit to maturity (which range up to 12 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 February 28, 2023 and May 31, 2022 are summarized as follows: February 28, 2023 Amortized Gross Gross Recorded Certificates of Deposit $ 990,000 $ - $ - $ 990,000 Equity Securities 16,866 3,078 - 19,944 $ 1,006,866 $ 3,078 $ - $ 1,109,944 May 31, 2022 Amortized Gross Gross Recorded Equity Securities $ 16,866 $ 18,670 $ - $ 35,536 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.

Other Matters

Other Matters	9 Months Ended
	Feb. 28, 2023
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 this report, including in Notes 9, 10 and 13 to the condensed consolidated financial statements and in the section titled “Item 1, Legal Proceedings” in Part II of this report.

Leases

Leases	9 Months Ended
	Feb. 28, 2023
Leases [Abstract]
Leases	7. Leases The Company leases the space for its offices in Hauppauge and New Jersey. The lease for the New York City office expired on August 31, 2022 and was not replaced. 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 are in our condensed consolidated balance sheets. The Company’s leases for its offices are classified as operating leases. The lease agreements for Hauppauge and New Jersey expire on 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 expiring May 31, 2027 and entered into an agreement to sublease the space in New York City, which expired August 31, 2022 at the end of the underlying office lease. 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 three months ended February 28, 2023 and 2022, the Company’s operating lease expense for these leases was $65,000 and $85,000, respectively. For the nine months ended February 28, 2023 and 2022, the Company’s operating lease expense for these leases was $214,000 and $240,000, respectively. As there are no explicit rates provided in our leases, the Company’s incremental borrowing rate was used based on the information available as of the commencement date in determining the present value of the future lease payments. Future minimum lease payments under non-cancellable operating leases as of February 28, 2023 are as follows: Twelve Months Ending February 28, 2024 $ 203,248 2025 123,085 2026 126,162 2027 129,316 2028 32,527 Thereafter - Total undiscounted operating lease payments 614,338 Less imputed interest 76,640 Present value of operating lease payments $ 537,698 The following table sets forth the right-of-use assets and operating lease liabilities as of February 28, 2023: Assets Right-of-use assets, net $ 503,638 Liabilities Current operating lease liabilities $ 171,503 Long-term operating lease liabilities 366,195 Total operating lease liabilities $ 537,698 The weighted average remaining lease term for the Company’s operating leases is 1.9 years.

Credit Facility

Credit Facility	9 Months Ended
	Feb. 28, 2023
Credit Facility [Abstract]
Credit Facility	8. 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”) which provides 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 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 February 28, 2023 was 7.75%, indicating an interest rate of 9.50% on the line of credit. 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 covenants at February 28, 2023. As of February 28, 2023, the net payments exceeded borrowings outstanding against this Credit Facility resulting in a receivable from the Lender of $23,954 which is included in “Other receivables” on the condensed consolidated balance sheet. 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.

Termination of Former CEO

Termination of Former CEO	9 Months Ended
	Feb. 28, 2023
Termination of Former CEO [Abstract]
Termination of Former CEO	9. 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.

Legal Settlement with Investor

Legal Settlement with Investor	9 Months Ended
	Feb. 28, 2023
Legal Settlement with Investor [Abstract]
Legal Settlement with Investor	10. 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, among other things, 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 called 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, payable in cash or common stock at the Company’s option. There was no interest due on these payments. 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.

Paycheck Protection Program Loa

Paycheck Protection Program Loan	9 Months Ended
	Feb. 28, 2023
Paycheck Protection Program Loan [Abstract]
Paycheck Protection Program Loan	11. Paycheck 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 recent 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 (“PPP Lender”). 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 has applied 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 related to the forgiveness of the loan principal and accrued interest. It should be noted that the SBA has a six-year period to review the forgiveness calculation.

Intangible Assets

Intangible Assets	9 Months Ended
	Feb. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	12. 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, February 28, 2022 Amortization 2023 Database (estimated life 5 years) $ 149,500 $ 34,500 $ 115,000 Non-compete agreement (estimated life 2 years) 1,250 1,250 - Trademark (estimated life 3 years) 25,000 15,000 10,000 Customer relationships (estimated life 15 years) 1,325,000 75,000 1,250,000 Total $ 1,500,750 $ 125,750 $ 1,375,000 No instances of triggering events or impairment indicators were identified as of February 28, 2023.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Feb. 28, 2023
Related Party Transactions [Abstract]
Related Party Transactions	13. 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 was the subject of litigation due to a complaint filed by Fintech Consulting LLC on December 1, 2021 in the United States District Court for the District of New Jersey under docket Fintech Consulting LLC v. TSR, Inc. et als, Fintech Consulting LLC DBA APTASK v. TSR, Inc., et al., civil action no. 2023-0030-MTZ . Fintech Consulting, LLC v. TSR, Inc., et al, Case Number: 1:23-cv-00074-MN (U.S. Dist. Ct. Dist. of Delaware 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. Revenues for the quarter and nine months ending February 28, 2023 were $35,000 and $71,000, respectively. There were no amounts outstanding as accounts receivable from this entity as of May 31, 2022 or February 28, 2023. There was no activity with this client in the quarter and nine months ended February 28, 2022.

Common Stock

Common Stock	9 Months Ended
	Feb. 28, 2023
Common Stock [Abstract]
Common Stock	14. 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 quarter ended February 28, 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 $1,821,090 after deducting $144,533 in commissions and other transactions costs. There were no shares sold during the quarter or nine months ended February 28, 2023. 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	9 Months Ended
	Feb. 28, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	15. 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. During the three months and nine months ended February 28, 2023 and 2022, $55,000, $141,000, $193,000 and $496,000, respectively, have been recorded as stock-based compensation expense and included in selling, general and administrative expenses. As of February 28, 2023, there is approximately $94,000 of unearned compensation expense that will be expensed through January 2024; 142,666 stock awards expected to vest; 82,499 awards vested to date, of which 16,635 were forfeited to pay taxes applicable to the stock awards.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Feb. 28, 2023
Stock Repurchase Program [Abstract]
Stock Repurchase Program	16. Stock Repurchase Program On September 12, 2022, the Board of Directors authorized a stock repurchase program of up to $500,000 of the Company’s outstanding common stock, par value $0.01 per share. The stock repurchase program commenced two business days after the filing of the related Form 8-K and is authorized for the next twelve (12) months. The shares may be repurchased from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by the Board of Directors at its discretion and will depend on a number of factors, including the market price of Company’s stock, general market and economic conditions, and applicable legal and contractual requirements. The Company has no obligation or commitment to repurchase all or any portion of the shares covered by this authorization. During the three months and nine months ended February 28, 2023, 8,017 and 22,834 shares of the Company’s common stock were repurchased at an aggregate cost of $64,043 and $180,469, respectively. No shares were repurchased in the three months and nine months ended February 28, 2022.

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	9 Months Ended
	Feb. 28, 2023
Cash and Cash Equivalents [Abstract]
Schedule of considers short-term highly liquid investments	February 28, May 31, Cash in banks $ 5,728,624 $ 6,436,012 Certificates of deposit 495,000 - Money market funds 1,345,933 54,146 $ 7,569,577 $ 6,490,158

Certificates of Deposit and M_2

Certificates of Deposit and Marketable Securities (Tables)	9 Months Ended
	Feb. 28, 2023
Certificates of Deposit and Marketable Securities [Abstract]
Schedule of major categories of assets measured at fair value on a recurring basis	February 28, 2023 Level 1 Level 2 Level 3 Total Certificates of Deposit $ 990,000 $ - $ - $ 990,000 Equity Securities 19,944 - - 19,944 $ 1,009,944 $ - $ - $ 1,009,944 May 31, 2022 Level 1 Level 2 Level 3 Total Equity Securities $ 35,536 $ - $ - $ 35,536
Schedule of marketable securities	February 28, 2023 Amortized Gross Gross Recorded Certificates of Deposit $ 990,000 $ - $ - $ 990,000 Equity Securities 16,866 3,078 - 19,944 $ 1,006,866 $ 3,078 $ - $ 1,109,944 May 31, 2022 Amortized Gross Gross Recorded Equity Securities $ 16,866 $ 18,670 $ - $ 35,536

Leases (Tables)

Leases (Tables)	9 Months Ended
	Feb. 28, 2023
Leases [Abstract]
Schedule of future minimum lease payments under non-cancellable operating leases	Twelve Months Ending February 28, 2024 $ 203,248 2025 123,085 2026 126,162 2027 129,316 2028 32,527 Thereafter - Total undiscounted operating lease payments 614,338 Less imputed interest 76,640 Present value of operating lease payments $ 537,698
Schedule of right-of-use assets and operating lease liabilities	Assets Right-of-use assets, net $ 503,638 Liabilities Current operating lease liabilities $ 171,503 Long-term operating lease liabilities 366,195 Total operating lease liabilities $ 537,698

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Feb. 28, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	May 31, February 28, 2022 Amortization 2023 Database (estimated life 5 years) $ 149,500 $ 34,500 $ 115,000 Non-compete agreement (estimated life 2 years) 1,250 1,250 - Trademark (estimated life 3 years) 25,000 15,000 10,000 Customer relationships (estimated life 15 years) 1,325,000 75,000 1,250,000 Total $ 1,500,750 $ 125,750 $ 1,375,000

Net Income Per Common Share (De

Net Income Per Common Share (Details) - shares	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Earnings Per Share [Abstract]
Restricted stock awards	99,940	0	94,829	83,830

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - Schedule of considers short-term highly liquid investments - USD ($)	Feb. 28, 2023	May 31, 2022
Schedule of Considers Short Term Highly Liquid Investments [Abstract]
Cash in banks	$ 5,728,624	$ 6,436,012
Certificates of deposit	495,000
Money market funds	1,345,933	54,146
Total	$ 7,569,577	$ 6,490,158

Certificates of Deposit and M_3

Certificates of Deposit and Marketable Securities (Details) - Schedule of major categories of assets measured at fair value on a recurring basis - USD ($)	Feb. 28, 2023	May 31, 2022
Certificates of Deposit and Marketable Securities (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Certificates of Deposit	$ 990,000
Equity Securities	19,944	$ 35,536
Total	1,009,944
Level 1 [Member]
Certificates of Deposit and Marketable Securities (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Certificates of Deposit	990,000
Equity Securities	19,944	35,536
Total	1,009,944
Level 2 [Member]
Certificates of Deposit and Marketable Securities (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Certificates of Deposit
Equity Securities
Total
Level 3 [Member]
Certificates of Deposit and Marketable Securities (Details) - Schedule of major categories of assets measured at fair value on a recurring basis [Line Items]
Certificates of Deposit
Equity Securities
Total

Certificates of Deposit and M_4

Certificates of Deposit and Marketable Securities (Details) - Schedule of marketable securities - USD ($)	9 Months Ended	12 Months Ended
	Feb. 28, 2023	May 31, 2022
Schedule of Marketable Securities [Abstract]
Certificates of Deposit, Amortized Cost	$ 990,000
Certificates of Deposit, Gross Unrealized Holding Gains
Certificates of Deposit, Gross Unrealized Holding Losses
Certificates of Deposit, Recorded Value	990,000
Equity Securities, Amortized Cost	16,866	$ 16,866
Equity Securities, Gross Unrealized Holding Gains	3,078	18,670
Equity Securities, Gross Unrealized Holding Losses
Equity Securities, Recorded Value	19,944	$ 35,536
Total, Amortized Cost	1,006,866
Total, Gross Unrealized Holding Gains	3,078
Total, Gross Unrealized Holding Losses
Total, Recorded Value	$ 1,109,944

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Leases [Abstract]
Lease expiration, description			The lease agreements for Hauppauge and New Jersey expire on 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 expiring May 31, 2027 and entered into an agreement to sublease the space in New York City, which expired August 31, 2022 at the end of the underlying office lease.
Operating lease expense	$ 65,000	$ 85,000	$ 214,000	$ 240,000
Operating lease, weighted average remaining lease term	1 year 10 months 24 days		1 year 10 months 24 days

Leases (Details) - Schedule of

Leases (Details) - Schedule of future minimum lease payments under non-cancellable operating leases	Feb. 28, 2023 USD ($)
Schedule of Future Minimum Lease Payments Under Non Cancellable Operating Leases [Abstract]
2024	$ 203,248
2025	123,085
2026	126,162
2027	129,316
2028	32,527
Thereafter
Total undiscounted operating lease payments	614,338
Less imputed interest	76,640
Present value of operating lease payments	$ 537,698

Leases (Details) - Schedule o_2

Leases (Details) - Schedule of right-of-use assets and operating lease liabilities	9 Months Ended
	Feb. 28, 2023 USD ($)
Assets
Right-of-use assets, net	$ 503,638
Liabilities
Current operating lease liabilities	171,503
Long-term operating lease liabilities	366,195
Total operating lease liabilities	$ 537,698

Credit Facility (Details)

Credit Facility (Details)	9 Months Ended
	Feb. 28, 2023 USD ($)
Credit Facility (Details) [Line Items]
Borrowed amount under credit facility	$ 2,000,000
Line of credit facility, description	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 February 28, 2023 was 7.75%, indicating an interest rate of 9.50% on the line of credit. 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.
Outstanding loan receivables	$ 23,954
Credit Facility [Member]
Credit Facility (Details) [Line Items]
Borrowed amount under credit facility	$ 2,000,000

Termination of Former CEO (Deta

Termination of Former CEO (Details) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2021	Aug. 31, 2021	Feb. 28, 2023
Termination of Former CEO [Abstract]
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.
Discovery expenses	$ 705,000
General and administrative expenses		$ 580,000

Legal Settlement with Investor

Legal Settlement with Investor (Details) - USD ($)		1 Months Ended
	Apr. 01, 2020	Jun. 30, 2022	Jun. 30, 2021	Feb. 29, 2020
Legal Settlement with Investor (Details) [Line Items]
Legal settlement amount payable	$ 900,000
Settlement period	3 years
Cash payment		$ 300,000
Estimated present value of payments				$ 818,000
Effective interest rate				5%
Due payment			$ 300,000
Two cash payments		$ 300,000
Second Cash Payment [Member]
Legal Settlement with Investor (Details) [Line Items]
Cash payment			300,000
Third Cash Payment [Member]
Legal Settlement with Investor (Details) [Line Items]
Cash payment			$ 300,000

Paycheck Protection Program L_2

Paycheck Protection Program Loan (Details) - Paycheck Protection Program [Member] - USD ($)	1 Months Ended	3 Months Ended
	Apr. 15, 2020	Aug. 31, 2021
Paycheck Protection Program Loan (Details) [Line Items]
Proceeds from loan	$ 6,659,220
Other income		$ 6,735,246

Intangible Assets (Details) - S

Intangible Assets (Details) - Schedule of intangible assets	9 Months Ended
	Feb. 28, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible assets beginning	$ 1,500,750
Amortization	125,750
Intangible assets ending	1,375,000
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets beginning	149,500
Amortization	34,500
Intangible assets ending	115,000
Non-compete agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets beginning	1,250
Amortization	1,250
Intangible assets ending
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets beginning	25,000
Amortization	15,000
Intangible assets ending	10,000
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets beginning	1,325,000
Amortization	75,000
Intangible assets ending	$ 1,250,000

Intangible Assets (Details) -_2

Intangible Assets (Details) - Schedule of intangible assets (Parentheticals)	9 Months Ended
	Feb. 28, 2023
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets Estimated life beginning	5 years
Amortization Estimated life	5 years
Intangible assets Estimated life ending	5 years
Non-compete agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets Estimated life beginning	2 years
Amortization Estimated life	2 years
Intangible assets Estimated life ending	2 years
Trademark [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets Estimated life beginning	3 years
Amortization Estimated life	3 years
Intangible assets Estimated life ending	3 years
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets Estimated life beginning	15 years
Amortization Estimated life	15 years
Intangible assets Estimated life ending	15 years

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Feb. 28, 2023	Feb. 28, 2023	Dec. 31, 2022	Feb. 03, 2021	Jan. 05, 2021
Related Party Transactions (Details) [Line Items]
Common stock outstanding percentage					5%
Accrued amount	$ 75,000	$ 75,000
Revenues for services			$ 59,000
Revenues	$ 35,000	$ 71,000
Chairman [Member]
Related Party Transactions (Details) [Line Items]
Share purchased (in Shares)				27,586
QAR Industries, Inc. [Member]
Related Party Transactions (Details) [Line Items]
Share purchased (in Shares)				348,414
Fintech Consulting LLC [Member]
Related Party Transactions (Details) [Line Items]
Common stock price per share (in Dollars per share)				$ 7.25
Fintech Consulting LLC [Member] | Chairman [Member]
Related Party Transactions (Details) [Line Items]
Common stock price per share (in Dollars per share)				$ 7.25

Common Stock (Details)

Common Stock (Details) - USD ($)		3 Months Ended
	Oct. 08, 2021	Feb. 28, 2022	Feb. 28, 2023	Sep. 12, 2022	May 31, 2022
Common Stock (Details) [Line Items]
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	$ 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		$ 1,821,090
Commissions and other transactions costs		$ 144,533
Common stock [Member]
Common Stock (Details) [Line Items]
Common stock authorizes (in Shares)			12,500,000
Common stock par value per share (in Dollars per share)			$ 0.01
Common stock, description	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.

Stock-Based Compensation Expe_2

Stock-Based Compensation Expense (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 28, 2021	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
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 expenses		$ 55,000	$ 141,000	$ 193,000	$ 496,000
Compensation expense, description				As of February 28, 2023, there is approximately $94,000 of unearned compensation expense that will be expensed through January 2024; 142,666 stock awards expected to vest; 82,499 awards vested to date, of which 16,635 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%

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($)		3 Months Ended	9 Months Ended
	Sep. 12, 2022	Feb. 28, 2023	Feb. 28, 2023	May 31, 2022
Stock Repurchase Program [Abstract]
Aggregate cost	$ 500,000	$ 64,043
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Shares repurchased (in Shares)		8,017	22,834
Aggregate cost			$ 180,469