Note 6 - Long-term Debt (Tables)

9 Months Ended

Feb. 29, 2024

Notes Tables

Schedule of Long-Term Debt Instruments [Table Text Block]

	February 29,			May 31,
	2024			2023
Term loans dated July 29, 2022, payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.50%, maturing July 29, 2027	$	12,992,827		$	14,334,736
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.50%, due July 29, 2024		-			1,500,000
Term loan payable to First Interstate Bank, interest rate of 3.70%, monthly principal and interest payments of $27,593, due March 19, 2025, secured by certain equipment		350,878			585,536
Term loan payable to First Interstate Bank, interest rate of 3.50%, monthly principal and interest payments of $5,997, due August 10, 2028, secured by certain real estate		725,647			759,639
Other		43,965			73,368
Total long-term debt		14,113,317			17,253,279
Debt issuance costs, net of amortization		(92,784	)		(84,022	)
Total debt, net of debt issuance costs		14,020,533			17,169,257
Less: Current portion of long-term debt		(2,384,993	)		(2,249,570	)
Long-term debt, net of current portion	$	11,635,540		$	14,919,687