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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Sales $ 13,460,647 $ 17,413,671
Cost of Sales 11,557,753 13,368,909
Gross Profit 1,902,894 4,044,762
Selling, General and Administrative Expenses 1,820,191 1,212,951
Gain on involuntary conversion (See Note 4) (741,821) 0
Other Income (Expense):    
Operating Income 824,524 2,831,811
Other income 19,389 1,599
Interest expense (294,709) (342,191)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 549,204 2,491,219
Provision for Income Taxes 213,750 747,000
Net Income 335,454 1,744,219
Preferred Dividends 148,082 146,199
Net Income Attributable to Common Stockholders $ 187,372 $ 1,598,020
Income Per Share of Common Stock -    
Basic (in dollars per share) $ 0.01 $ 0.06
Diluted (in dollars per share) $ 0.01 $ 0.05
Weighted Average Shares of Common Stock Outstanding -    
Basic (in shares) 28,279,701 28,279,701
Diluted (in shares) 28,775,996 32,107,754