XML 27 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Cash Flows from Operating Activities:    
Net income $ 1,584,878 $ 966,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 337,236 334,385
Deferred income taxes (253,000) (208,900)
Stock-based compensation 13,356 13,356
Changes in receivables (178,178) 329,111
Changes in inventory (212,629) 109,796
Changes in prepaid expenses and other (101,744) (76,799)
Change in other assets 1,834 2,290
Changes in accounts payable and accrued expenses 29,742 61,591
Net cash provided by operating activities 1,221,495 1,531,597
Cash Flows from Investing Activities:    
Purchase of property and equipment (510,928) (362,677)
Cash Flows from Financing Activities:    
Payments on long-term debt and capitalized leases (325,084) (320,077)
Payments on advances from related party (34,500)   
Distributions by variable interest entity    (22,782)
Net cash used in financing activities (359,584) (342,859)
Net Increase in Cash 350,983 826,061
Cash, beginning of period 366,896 194,400
Cash, end of period 717,879 1,020,461
Non-Cash Activities:    
Preferred dividend accrual 81,918 82,808
Supplemental Information:    
Interest paid $ 85,689 $ 108,431