Debt (Tables)

9 Months Ended

Feb. 28, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Debt as of February 28, 2019 and May 31, 2018 is as follows:

	February 28, 2019			May 31, 2018
Term loan A payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing April 30, 2023	$	3,417,791		$	3,945,443
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		1,453,103			1,613,445
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		1,889,391			2,314,935
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		982,106			843,200
Term loan F payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.25%, maturing February 8, 2021		3,545,514			-
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, due January 31, 2021		3,450,000			1,879,000
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		878,088			1,099,447
Term loan payable by GRE to International Bank of Commerce, interest rate of 5.5%, monthly principal and interest payment of $26,215, due April 30, 2023		2,510,295			2,652,428
Note payable to Robert Rosene, 7.5% interest, due January 15, 2021		4,467,330			4,469,355
Note payable to Yorktown Management & Financial Services, LLC, paid in full in February 2019		-			181,850
Other		234,112			252,493
Total debt		22,827,730			19,251,596
Debt issue costs, net of amortization		(12,579	)		(91,370	)
Total debt, net of debt issue costs		22,815,151			19,160,226
Less: Current portion		(2,961,095	)		(2,324,046	)
Long-term debt	$	19,854,056		$	16,836,180