XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Capital Leases (Tables)
9 Months Ended
Feb. 28, 2018
Leases [Abstract]  
Schedule of Non-cancellable Capital Leases

Capital leases as of February 28, 2018 and May 31, 2017:

 

    February 28, 2018     May 31, 2017  
Non-cancellable capital leases with private company, interest rates of 7.4% and 5.0%, maturing February 24, 2023 and August 7, 2019   $ 4,229,234     $ 3,794,063  
Less: Current portion     (2,432,198 )     (2,261,560 )
Non-cancellable capital leases, net of current portion   $ 1,797,036     $ 1,532,503  

Schedule of Future Minimum Lease Payments Under Non-cancellable Capital Leases

Future minimum lease payments under non-cancelable capital leases as of February 28, 2018, are approximately:

 

Twelve months ended February 28, 2019   $ 2,844,000  
Twelve months ended February 28, 2020     573,700  
Twelve months ended February 28, 2021     573,700  
Twelve months ended February 28, 2022     573,700  
Twelve months ended February 28, 2023     240,500  
Total lease payments     4,805,600  
Imputed interest     576,366  
Present value of minimum lease payments   $ 4,229,234