Long-Term Debt (Tables)

9 Months Ended

Feb. 28, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt is as follows:

	February 28,			May 31,
	2021			2020
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	$	1,835,674		$	2,459,854
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, 2024		971,835			1,165,774
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		652,801			1,136,455
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, 2023		510,988			696,174
Term loan F payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.25%, maturing February 29, 2024		2,218,297			2,752,293
Term loan G payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.25%, maturing April 30, 2024		801,931			837,811
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.5%, due January 31, 2023		599,997			2,540,000
Paycheck Protection Program note, interest rate of 1.0%, maturing April 10, 2022		3,034,000			3,034,000
Term loan payable by GRE to International Bank of Commerce, interest rate of 5.5%, monthly principal and interest payment of $27,688, due April 30, 2023		2,103,687			2,261,425
Term note payable to Great Western Bank, interest rate of 3.7%, monthly principal and interest payments of $27,593, due March 19, 2025, secured by certain equipment		1,252,930			1,461,726
Note payable to Robert Rosene, 7.5% interest, due January 15, 2023		3,592,783			4,253,228
Other		156,993			183,156
Total long-term debt		17,731,916			22,781,896
Debt issuance costs, net of amortization		(33,354	)		(35,886	)
Total debt, net of debt issuance costs		17,698,562			22,746,010
Less: Current portion of long-term debt		(5,019,221	)		(4,416,377	)
Long-term debt, net of current portion	$	12,679,341		$	18,329,633