5. Notes Payable (Tables)

6 Months Ended

Nov. 30, 2013

Notes Payable

	November 30,			May 31,
	2013			2013
Note payable to F&M Bank & Trust Company, prime rate of interest but not less than 4.5%, due March 13, 2015, monthly principal payments of $76,561 plus interest	$	4,134,285		$	4,593,650
Note payable by GRE to F&M Bank & Trust Company, prime rate of interest but not less than 4.75%, due February 15, 2016, monthly installments $35,512, secured by buildings and land		3,232,827			3,366,108
Capitalized lease payable, 5% interest		326,953			381,727
Note payable to Robert Rosene, 7.5% interest, due January 15, 2015		2,066,000			2,066,000
Note payable to Warren Kruger, 7.5% interest, due January 15, 2015		527,716			527,716
Other note payable		44,825			66,979
		10,332,606			11,002,180
Less: Current portion		(1,353,905	)		(1,344,160	)
Long-term debt	$	8,978,701		$	9,658,020