Long-Term Debt (Tables)

12 Months Ended

May. 31, 2015

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt consists of the following as of May 31:

	2015			2014
Note payable to International Bank of Commence, interest rate of 4.5%, monthly principal and interest payments of $171,760, maturing January 31, 2019	$	6,945,884		$	8,647,777
Revolving note payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4%, due January 31, 2016		300,000			385,000
Term note payable by GRE to International Bank of Commerce, interest rate of 4.5%, monthly principal and interest payments of $26,215, due January 31, 2019		3,207,553			3,371,660
Note payable to Robert Rosene, 7.5% interest, due January 15, 2017		2,066,000			2,066,000
Other		59,574			33,684
		12,579,011			14,504,121
Less: Current portion		(2,278,164	)		(3,979,376	)
Long-term debt	$	10,300,847		$	10,524,745