Summary of the Changes in Principal Amount of the Debt Agreements (Tables)

12 Months Ended

May 31, 2016

Summary of the Changes in Principal Amount of the Debt Agreements:

Summary of the Changes in Principal Amount of the Debt Agreements:

The following summary details the changes in principal amount owed under each of the debt agreements with Essig (in thousands):

		Note		Short Term Note		Total
Balance at May 31, 2014	$	-	$	-	$	-
Borrowings		450		300		750
Repayments		(304)		-		(304)
Balance at May 31, 2015		146		300		446
Borrowing		-		578		578
Repayments		-		(124)		(124)
Balance at May 31, 2016		146		754		900