Capital Leases (Tables)

12 Months Ended

May 31, 2019

Leases [Abstract]

Schedule of Non-cancelable Capital Leases

Capital leases consist of the following as of May 31:

	2019			2018
Non-cancelable capital leases	$	6,754,819		$	3,893,814
Less: Current portion of capital leases		(1,516,629	)		(2,160,807	)
Non-cancelable capital leases, net of current portion	$	5,238,190		$	1,733,007

Schedule of Production Equipment Under Non-cancelable Capital Leases

The production equipment under the non-cancelable capital leases at May 31, 2019 and 2018 is as follows:

	2019			2018
Production equipment under capital leases	$	7,861,233		$	7,591,574
Less: Accumulated amortization		(614,909	)		(974,811	)
Production equipment under capital leases, net	$	7,246,324		$	6,616,763

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

Future minimum lease payments under non-cancelable capital leases as of May 31, 2019, are approximately:

Year ended May 31, 2020	$	1,966,428
Year ended May 31, 2021		1,966,428
Year ended May 31, 2022		1,865,328
Year ended May 31, 2023		1,443,654
Year ended May 31, 2024		605,053
Total lease payments		7,846,891
Less: Imputed interest		1,092,072
Present value of minimum lease payments	$	6,754,819