Leases (Tables)

6 Months Ended

Nov. 30, 2019

Leases [Abstract]

Schedule of Financing Lease

Financing leases as of November 30, 2019 and May 31, 2019:

	November 30, 2019			May 31, 2019
Non-cancellable financing leases	$	5,843,290		$	6,754,819
Less: Current portion		(2,111,028	)		(1,516,629	)
Non-cancellable financing leases, net of current portion	$	3,732,262		$	5,238,190

Schedule of Lease Cost

For the six months ended November 30, 2019 and 2018:

	2019			2018
Lease Expense
Financing lease expense -
Amortization of right-of-use assets	$	416,000		$	449,000
Interest on lease liabilities		220,255			126,514
Operating lease expense		39,650			24,000
Short-term lease expense		797,835			749,843
Total	$	1,473,740		$	1,349,357
Other Information
Cash paid for amounts included in the measurement of lease liabilities for finance leases -
Operating cash flows	$	220,255		$	126,514
Financing cash flows	$	911,529		$	1,333,699
Cash paid for amounts included in the measurement of lease liabilities for operating leases -
Operating cash flows	$	39,650		$	24,000
Right-of-use assets obtained in exchange for lease liabilities -
Financing leases	$	-		$	2,333,333
Operating leases	$	67,750		$	-
Weighted-average remaining lease term (in years) -
Financing leases		3.2			3.4
Operating leases		3.5			3.1
Weighted-average discount rate -
Financing leases		7.1	%		7.0	%
Operating leases		5.3	%		5.0	%

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of November 30, 2019, are approximately:

	Financing Leases		Operating Leases
Twelve months ended November 30, 2020	$	2,471,000	$	81,881
Twelve months ended November 30, 2021		2,471,000		81,881
Twelve months ended November 30, 2022		1,506,000		37,881
Twelve months ended November 30, 2023		-		27,751
Twelve months ended November 30, 2024		-		9,037
Total future minimum lease payments		6,448,000		238,431
Present value discount		604,710		19,798
Present value of minimum lease payments	$	5,843,290	$	218,633