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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Sales $ 17,413,671 $ 18,953,599
Cost of Sales 13,368,909 16,490,453
Gross Profit 4,044,762 2,463,146
Selling, General and Administrative Expenses 1,212,951 1,105,591
Operating Income 2,831,811 1,357,555
Other Income (Expense):    
Gain on deconsolidation of variable interest entity 0 569,997
Other income 1,599 5,635
Interest expense (342,191) (219,446)
Income before Income Taxes 2,491,219 1,713,741
Provision for Income Taxes 747,000 340,000
Net Income 1,744,219 1,373,741
Income Attributable to Non-controlling Interest 0 (49,599)
Preferred Dividends (146,199) (109,418)
Net Income Attributable to Common Stockholders $ 1,598,020 $ 1,214,724
Income Per Share of Common Stock -    
Basic (in dollars per share) $ 0.06 $ 0.04
Diluted (in dollars per share) $ 0.05 $ 0.04
Weighted Average Shares of Common Stock Outstanding -    
Basic (in shares) 28,279,701 28,279,701
Diluted (in shares) 32,107,754 32,106,455