Debt (Tables)

9 Months Ended

Feb. 28, 2015

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of February 28, 2015 and May 31, 2014 is as follows:

	February 28, 2015			May 31, 2014
Term note payable to International Bank of Commerce, interest rate of 4.5%, due January 31, 2019, monthly principal and interest payments of $171,760	$	7,378,162		$	8,647,777
Revolving note payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, due January 31, 2016		600,000			385,000
Term note payable by GRE to International Bank of Commerce, interest rate of 4.5%, due January 31, 2019, monthly principal and interest payments of $26,215		3,250,190			3,371,660
Note payable to Robert Rosene, 7.5% interest, due January 15, 2015		2,066,000			2,066,000
Other notes payable		31,400			33,684
		13,325,752			14,504,121
Less: Current portion		(2,550,923	)		(3,979,376	)
Long-term debt	$	10,774,829		$	10,524,745