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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Feb. 28, 2023
Feb. 28, 2022
Income Statement [Abstract]        
Sales $ 13,578,269 $ 22,450,682 $ 44,633,542 $ 53,069,648
Cost of Sales 11,220,791 19,734,155 38,590,544 47,914,061
Gross Profit 2,357,478 2,716,527 6,042,998 5,155,587
Selling, General and Administrative Expenses 1,606,626 1,680,979 3,918,205 4,033,483
Operating Income 750,852 1,035,548 2,124,793 1,122,104
Other Income (Expense):        
Federal tax credits realized 3,270,424 3,270,424
Gain from forgiveness of debt     3,068,497
Gain from deconsolidation of variable interest entity     569,997
Other income 183,596 3,688 189,914 35,731
Interest expense (313,376) (201,992) (821,138) (631,115)
Income before Income Taxes 3,891,496 837,244 5,333,990 3,595,217
Provision for Income Taxes (196,000) (234,000) (452,000) (99,000)
Net Income 3,695,496 603,244 4,881,990 3,496,217
Income Attributable to Non-controlling Interest (70,649) (49,599) (208,600)
Preferred Dividends (132,500) (361,267) (243,082)
Net Income Attributable to Common Stockholders $ 3,562,996 $ 452,458 $ 4,471,124 $ 3,044,535
Income Per Share of Common Stock -        
Basic $ 0.13 $ 0.02 $ 0.16 $ 0.11
Diluted $ 0.12 $ 0.02 $ 0.15 $ 0.10
Weighted Average Shares of Common Stock Outstanding -        
Basic 28,279,701 28,472,639 28,279,701 28,472,256
Diluted 32,104,265 28,967,144 32,105,424 32,301,084
Preferred Dividends $ (132,500) $ (80,137)