Debt (Tables)

9 Months Ended

Feb. 29, 2016

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of February 29, 2016 and May 31, 2015 is as follows:

	February 29, 2016			May 31, 2015
Term note A payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4%, due January 31, 2019	$	5,447,504		$	-
Term note B payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4%, due January 31, 2019		2,926,643			-
Term note payable to International Bank of Commerce, interest rate of 4.5%, due January 31, 2019 (refinanced January 7, 2016)		-			6,945,884
Revolving note payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, due January 31, 2018		1,200,000			300,000
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		3,065,285			3,207,553
Note payable to Robert Rosene, 7.5% interest, due January 15, 2017		2,066,000			2,066,000
Note payable to Yorktown Management & Financial, LLC, 5% interest, due February 28, 2019, monthly principal and interest payments of $20,629		688,296			-
Other note payable		54,094			59,574
		15,447,822			12,579,011
Less: Current portion		(4,247,218	)		(2,278,164	)
Long-term debt	$	11,200,604		$	10,300,847