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Consolidated Balance Sheets (Unaudited) - USD ($)
Aug. 31, 2024
May 31, 2024
Current Assets:    
Cash $ 3,884,673 $ 5,798,641
Accounts receivable -    
Other 1,781,836 2,107,108
Inventory 3,722,429 3,871,626
Prepaid expenses 590,590 585,423
Total Current Assets 13,925,388 16,786,749
Property, Plant and Equipment, net 32,256,659 30,066,119
Right-of-Use Operating Lease Assets 5,327,121 5,403,441
Total Assets 51,509,168 52,256,309
Current Liabilities:    
Current portion of long-term debt 2,336,625 2,362,212
Current portion of financing leases 14,505 19,171
Current portion of operating leases 239,543 286,221
Accounts payable and accrued expenses 3,938,560 3,670,332
Deferred revenue 22,964 840,945
Preferred dividends payable 51,507 0
Total Current Liabilities 6,603,704 7,178,881
Long-Term Debt, net of current portion and debt issuance costs 10,531,524 11,080,736
Financing Leases, net of current portion 2,950 3,972
Operating Leases, net of current portion 5,144,161 5,167,013
Deferred Tax Liability 5,058,708 4,844,958
Equity:    
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 5 5
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 shares issued and outstanding 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,367,984) (29,555,356)
Total Equity 24,168,121 23,980,749
Total Liabilities and Equity 51,509,168 52,256,309
Nonrelated Party [Member]    
Accounts receivable -    
Trade 3,458,712 4,158,381
Related Party [Member]    
Accounts receivable -    
Trade $ 487,148 $ 265,570