Line of Credit Agreement

3 Months Ended

Aug. 28, 2015

Debt Disclosure [Abstract]

Line of Credit Agreement

7. The Company has a line-of-credit agreement with a local bank that permits borrowing up to $3,000,000 at August 28, 2015 and May 29, 2015. The line-of-credit is subject to the Company’s continued credit worthiness and compliance at August 28, 2015 and at August 29, 2014 with the terms and conditions of the loan agreement. The Company’s line-of-credit debt as of August 28, 2015 was $831,169 with an interest rate of 3.25%, leaving the Company with $2,168,831 of credit availability. The Company’s line-of-credit debt as of May 29, 2015 was $2,823,477 with an interest rate of 3.25%, leaving the Company with $176,523 of credit availability.