XML 50 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 8 - Loan and Credit Agreements (Details Textual)
3 Months Ended 6 Months Ended 12 Months Ended
May 31, 2017
USD ($)
Feb. 10, 2016
USD ($)
May 10, 2012
USD ($)
Feb. 28, 2017
USD ($)
May 31, 2017
USD ($)
May 31, 2016
USD ($)
Nov. 30, 2016
USD ($)
Aug. 31, 2017
USD ($)
Apr. 30, 2017
USD ($)
May 29, 2014
USD ($)
May 01, 2013
USD ($)
Feb. 01, 2013
May 01, 2010
USD ($)
Repayments of Long-term Debt         $ 364,080 $ 1,551,398              
Long-term Debt $ 3,481,885       3,481,885   $ 3,911,000            
The Line of Credit [Member] | Revolving Credit Facility [Member] | US Bank [Member]                          
Line of Credit Facility, Maximum Borrowing Capacity                     $ 4,500,000    
Long-term Line of Credit 3,734,114       3,734,114                
Line of Credit Facility, Remaining Borrowing Capacity $ 657,766       $ 657,766                
Line of Credit Facility Borrowing Capacity Borrowing Base Percentage of Accounts Receivable 75.00%       75.00%                
Line of Credit Facility Borrowing Capacity Borrowing Base Minimum Percentage of Aggregate Receivables 20.00%       20.00%                
Line of Credit Facility Borrowing Capacity Borrowing Base Percentage of Inventory 50.00%       50.00%                
Line of Credit Facility Borrowing Capacity Borrowing Base Maximum Inventory Amount $ 3,375,000       $ 3,375,000                
The Line of Credit [Member] | Revolving Credit Facility [Member] | US Bank [Member] | Minimum [Member]                          
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage         0.25%                
Debt Instrument, Interest Rate, Stated Percentage 5.00%       5.00%                
US Bank UHC Loan [Member] | US Bank [Member]                          
Debt Instrument, Face Amount     $ 880,000                    
Long-term Debt $ 271,825       $ 271,825                
US Bank UHC Loan [Member] | US Bank [Member] | Prime Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate     1.50%                    
US Bank UHC Loan [Member] | US Bank [Member] | Minimum [Member]                          
Debt Instrument, Interest Rate, Stated Percentage     5.00%                    
The 2013 Term Notes [Member] | US Bank [Member]                          
Repayments of Long-term Debt   $ 1,078,196                      
Debt Instrument, Periodic Payment       $ 46,672                  
Long-term Debt $ 1,878,549       $ 1,878,549                
The 2013 Term Notes [Member] | US Bank [Member] | Prime Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate 1.50%                        
The 2013 Term Notes [Member] | US Bank [Member] | Minimum [Member]                          
Debt Instrument, Interest Rate, Stated Percentage 5.00%       5.00%                
The 2014 Term Note [Member] | US Bank [Member]                          
Debt Instrument, Face Amount                   $ 1,000,000      
Long-term Debt $ 887,164       $ 887,164                
The 2014 Term Note [Member] | US Bank [Member] | Prime Rate [Member]                          
Debt Instrument, Basis Spread on Variable Rate 1.50%                        
The 2014 Term Note [Member] | US Bank [Member] | Minimum [Member]                          
Debt Instrument, Interest Rate, Stated Percentage 5.00%       5.00%                
Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member]                          
Debt Instrument, Requirement, Minimum EBIDTA $ 1       $ 1                
Debt Instrument, Requirement, Minimum Liquidity                 $ 500,000        
Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member] | Scenario, Forecast [Member]                          
Debt Instrument, Requirement, Minimum EBIDTA               $ 648,000          
US Bank UHC Loan, Line of Credit, 2013 Term Notes, and 2014 Term Notes [Member] | US Bank [Member]                          
Debt Instrument, Covenant Interest Rate Increase in Event of Default 5.00%       5.00%                
Iowa Finance Authority Term Loan [Member]                          
Debt Instrument, Periodic Payment         $ 12,500   12,500            
Long-term Debt $ 444,347       $ 444,347   $ 512,935            
Debt Instrument, Interest Rate, Stated Percentage 2.75%       2.75%   2.75%            
Iowa Finance Authority Term Loan [Member] | The First National Bank of West Union [Member]                          
Debt Instrument, Face Amount                         $ 1,300,000
Debt Instrument, Interest Rate, Stated Percentage                       2.75% 3.50%
Debt Instrument, Covenant Debt Service Coverage Ratio 1.5       1.5