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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Feb. 29, 2020
Feb. 28, 2019
Income Statement [Abstract]        
Sales $ 19,738,806 $ 17,224,467 $ 57,906,777 $ 50,163,707
Cost of Sales 15,622,931 15,455,920 49,279,904 44,257,438
Gross Profit 4,115,875 1,768,547 8,626,873 5,906,269
Selling, General and Administrative Expenses 1,248,196 959,288 3,438,424 2,752,029
Operating Income 2,867,679 809,259 5,188,449 3,154,240
Other Income (Expense):        
Other income 4,391 2,438 9,304 7,728
Interest expense (420,128) (499,967) (1,333,827) (1,348,285)
Income before Income Taxes 2,451,942 311,730 3,863,926 1,813,683
Provision for Income Taxes 487,000 80,300 807,000 520,400
Net Income 1,964,942 231,430 3,056,926 1,293,283
Income Attributable to Non-controlling Interest (65,411) (64,093) (195,717) (187,620)
Preferred Dividends (99,726) (108,219) (314,726) (316,264)
Net Income Attributable to Common Stockholders $ 1,799,805 $ 59,118 $ 2,546,483 $ 789,399
Income Per Share of Common Stock - Basic and Diluted $ 0.06 $ 0.00 $ 0.09 $ 0.03
Weighted Average Shares of Common Stock Outstanding - Basic 28,361,201 28,361,201 28,361,201 28,361,201
Weighted Average Shares of Common Stock Outstanding - Diluted 28,999,499 29,012,048 29,003,201 29,009,415