5. Notes Payable (Tables)

9 Months Ended

Feb. 28, 2014

Notes Payable

	February 28,			May 31,
	2014			2013
Term note payable to International Bank of Commerce, interest rate of 4.5%, monthly principal and interest payments of $171,760, maturing January 31, 2019	$	9,060,440		$	-
Revolving note payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4%, due January 31, 2016		725,000			-
Mortgage note payable by GRE to International Bank of Commerce, interest rate of 4.5%, monthly principal and interest payments of $26,115, due January 31, 2019		3,398,228			-
Note payable to The F&M Bank & Trust Company, prime rate of interest but not less than 4.5%, paid February 3, 2014		-			4,593,650
Note payable by GRE to The F&M Bank & Trust Company, prime rate of interest but not less than 4.75%, paid February 3, 2014		-			3,366,108
Capitalized lease payable, 5% interest		-			381,727
Note payable to Robert Rosene, 7.5% interest, due January 15, 2015		2,066,000			2,066,000
Note payable to Warren Kruger, 7.5% interest		-			527,716
Other note payable		44,826			66,979
		15,294,494			11,002,180
Less: Current portion		(3,956,067	)		(1,344,160	)
Long-term debt	$	11,338,427		$	9,658,020