PREFERRED STOCK COMMON STOCK ADDITIONAL TOTAL
--------------- ---------------- PAID-IN ACCUMULATED DEFERRED STOCKHOLDERS'
SHARES AMOUNT SHARES AMOUNT CAPITAL DEFICIT COMPENSATION DEFICIT
------ ------- ------- ------- ---------- ----------- ------------- ------------
BALANCE, MAY 31, 1997 ......................... 41 $ 2,094 3,428 $34 $ 48,888 $(54,586) $ -- $ (3,570)
Net Income ................................. -- -- -- -- -- 1,971 -- 1,971
Adjust shares issued for the HMS acquisition -- -- (6) -- (138) -- -- (138)
Exercise of stock options .................. -- -- 44 -- 451 -- -- 451
Dividends on preferred stock ............... -- 82 -- -- -- (82) -- --
Cancellation of CEO restricted grant ....... -- -- (51) -- -- -- -- --
--- ------- ------ --- -------- -------- ---- --------
BALANCE, MAY 31, 1998 ......................... 41 $ 2,176 3,415 $34 $ 49,201 $(52,697) $ -- $ (1,286)
Net loss ................................... -- -- -- -- -- (3,994) -- (3,994)
Adjust shares issued for the HMS acquisition -- -- -- -- (94) -- -- (94)
Exercise of stock options .................. -- -- 22 -- 155 -- -- 155
Dividends on preferred stock ............... -- 55 -- -- -- (55) -- --
Shares issued for preferred stock conversion (41) (2,231) 344 4 2,227 -- -- --
Shares issued for debenture exchange offer . -- -- 37 -- 305 -- -- 305
--- ------- ------ --- -------- -------- ---- --------
BALANCE, MAY 31, 1999 ......................... -- $ -- 3,818 $38 $ 51,794 $(56,746) $ -- $ (4,914)
Net loss ................................... -- -- -- -- -- (5,766) -- (5,766)
Compensatory stock options granted ......... -- -- -- -- 18 -- (18) --
Amortization of deferred compensation ...... -- -- -- -- -- -- 8 8
--- ------- ------ --- -------- -------- ---- --------
BALANCE, MAY 31, 2000 ......................... -- $ -- 3,818 $38 $ 51,812 $(62,512) $(10) $(10,672)
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