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Consolidated Statements of Cash Flows (USD $)
12 Months Ended
May 31, 2014
May 31, 2013
Cash Flows from Operating Activities:    
Net income $ 3,131,626 $ 2,793,210
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,309,573 1,387,987
Increase in deferred tax asset (1,051,000) (574,000)
Stock-based compensation 53,424 53,424
Changes in trade accounts receivable 216,031 476,299
Changes in related party receivables (491,682) (1,218,430)
Changes in inventory (571,786) (87,741)
Changes in prepaid expenses 22,028 (74,108)
Changes in accounts payable and accrued expenses (459,814) (673,008)
Other 2,785 2,033
Net cash provided by operating activities 2,161,185 2,085,666
Cash Flows from Investing Activities:    
Purchase of property and equipment (2,246,101) (620,898)
Cash Flows from Financing Activities:    
Proceeds from long-term debt 12,612,500 250,000
Proceeds from revolving loan 885,000 0
Payments on long-term debt and capitalized leases (8,640,891) (1,291,693)
Payments on revolving loan (500,000) 0
Issuance cost of long-term debt (129,722) 0
Payments on advances from related party (92,000) (148,500)
Proceeds from exercised stock options 140,000 0
Preferred dividends paid (3,548,286) 0
Distributions by variable interest entity (347,318) (102,079)
Net cash provided by (used in) financing activities 379,283 (1,292,272)
Net Increase in Cash 294,367 172,496
Cash, beginning of period 366,896 194,400
Cash, end of period 661,263 366,896
Non-Cash Activities:    
Acquisition of equipment in exchange for net related party receivable 1,087,302 0
Reduction in carrying value of equipment resulting from capital lease termination 212,311 0
Settlement of related party note payable in acquisition of equipment 527,716 0
Preferred dividend accrual 27,603 326,781
Supplemental Information:    
Interest paid 567,507 423,530
Taxes paid $ 26,045 $ 0