Supplemental Information of Cash Flows

12 Months Ended

May 31, 2019

Supplemental Cash Flow Elements [Abstract]

Supplemental Information of Cash Flows

Note 12. SUPPLEMENTAL INFORMATION OF CASH FLOWS

Supplemental information of cash flows for the years ended May 31, 2019 and 2018:

	2019		2018
Non-cash investing and financing activities:
Acquisition of equipment through capital lease	$	4,667,380	$	2,225,685
Revolver loan converted to term loan	$	-	$	2,500,000
Acquisition of equipment in accounts payable	$	273,565	$	373,214
Preferred dividend accrual	$	112,192	$	-
Supplemental information:
Interest paid	$	1,786,882	$	1,210,308