Debt (Tables)

9 Months Ended

Feb. 28, 2018

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of February 28, 2018 and May 31, 2017 is as follows:

	February 28, 2018			May 31, 2017
Term loan A payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing January 7, 2019	$	4,116,415		$	4,626,191
Term loan B payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%		-			1,715,132
Term loan C payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing August 4, 2020		1,667,182			-
Term loan D payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, maturing January 10, 2022		2,452,757			-
Term loan E payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, maturing January 10, 2022		525,200			-
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, due January 31, 2020		-			2,260,000
Note payable to First Bank, prime rate of interest plus 1.45% but not less than 4.95%, monthly principal and interest payment of $30,628, due August 21, 2021, secured by production equipment		1,176,233			1,396,448
Term loan payable by GRE to International Bank of Commerce, interest rate of 4.5%, monthly principal and interest payment of $26,215, due January 31, 2019		2,700,205			2,841,285
Note payable to Robert Rosene, 7.5% interest, due January 15, 2020		4,469,355			4,469,355
Note payable to Yorktown Management & Financial Services, LLC, 5% interest, due February 28, 2019, monthly principal and interest payments of $20,629		240,970			413,969
Other		263,141			310,036
Total Debt		17,611,458			18,032,416
Debt issue costs, net of amortization		(125,634	)		(228,426	)
Less: Current portion		(8,240,541	)		(2,493,236	)
Long-term debt	$	9,245,283		$	15,310,754