<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> MAY-31-1997 <PERIOD-END> AUG-31-1996 <CASH> 364,127 <SECURITIES> 0 <RECEIVABLES> 2,360,958 <ALLOWANCES> 776,000 <INVENTORY> 9,361,026 <CURRENT-ASSETS> 11,456,573 <PP&E> 4,410,116 <DEPRECIATION> 2,160,018 <TOTAL-ASSETS> 15,356,838 <CURRENT-LIABILITIES> 4,731,136 <BONDS> 17,697,565 <COMMON> 150 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (7,072,013) <TOTAL-LIABILITY-AND-EQUITY> 15,356,838 <SALES> 4,038,671 <TOTAL-REVENUES> 4,158,671 <CGS> 2,317,141 <TOTAL-COSTS> 2,317,141 <OTHER-EXPENSES> 165,812 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 488,879 <INCOME-PRETAX> 344,068 <INCOME-TAX> 0 <INCOME-CONTINUING> 344,068 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 344,068 <EPS-PRIMARY> 2.30 <EPS-DILUTED> 2.25