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Consolidated Balance Sheets - USD ($)
May 31, 2024
May 31, 2023
Current Assets:    
Cash and cash equivalents $ 5,798,641 $ 695,951
Accounts receivable -    
Other 2,107,108 386,877
Inventory 3,871,626 4,484,106
Prepaid expenses 585,422 528,962
Total Current Assets 16,786,748 11,009,950
Property, Plant and Equipment 30,066,119 33,184,706
Right-of-use Operating Lease Assets 5,403,441 5,335,714
Total Assets 52,256,309 49,530,370
Current Liabilities:    
Current portion of long-term debt 2,362,212 2,249,570
Current portion of financing leases 19,171 31,981
Current portion of operating leases 286,221 240,346
Accounts payable and accrued expenses 3,670,332 3,337,410
Deferred revenue 840,945 23,007
Preferred dividends payable 0 134,414
Total Current Liabilities 7,178,881 6,016,728
Long-Term Debt, net of current portion and debt issuance costs 11,080,736 14,919,687
Financing Leases, net of current portion 3,972 28,504
Operating Leases, net of current portion 5,167,013 5,119,688
Deferred Tax Liability 4,844,958 3,905,279
Equity:    
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 5 5
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 shares issued and outstanding 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,555,356) (33,995,621)
Total Equity 23,980,749 19,540,484
Total Liabilities and Equity 52,256,309 49,530,370
Nonrelated Party [Member]    
Accounts receivable -    
Accounts receivable, current 4,158,381 4,857,504
Related Party [Member]    
Accounts receivable -    
Accounts receivable, current $ 265,570 $ 56,550