Thursday, September 14, 2017 12:01:00 PM
http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=179448
At May 31, 2017, the Company evaluated the collectability of accounts receivable and determined that an allowance for doubtful accounts of $325,000 was necessary due to the cancellation of a project by a customer. Accounts receivable at May 31, 2017 and May 31, 2016 consists of:
May 31,2017 May 31,2016
Accounts receivable $ 1,155,006 $ 584,912
Less: Allowance for doubtful accounts 325,000 175,000
Balance, accounts receivable $ 830,006 $ 409,912
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