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Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 30, 2024
May 31, 2024
Current Assets:    
Cash $ 4,891,304 $ 5,798,641
Other 0 2,107,108
Inventory 3,504,520 3,871,626
Prepaid expenses 1,154,397 585,423
Total Current Assets 13,629,089 16,786,749
Property, Plant and Equipment, net 31,689,437 30,066,119
Right-to-use Assets 5,249,678 5,403,441
Total Assets 50,568,204 52,256,309
Current portion of long-term debt 2,245,185 2,362,212
Current portion of financing leases 10,133 19,171
Current portion of operating leases 294,219 286,221
Accounts payable 2,808,499 2,633,572
Accrued expenses 1,214,383 1,036,760
Deferred revenue 22,964 840,945
Preferred dividends payable 47,021 0
Total Current Liabilities 6,642,404 7,178,881
Long-Term Debt, net of current portion and debt issuance costs 10,024,436 11,080,736
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 and 28,361,201 shares issued and outstanding, respectively 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,713,281) (29,555,356)
Total Equity 23,822,824 23,980,749
Total Liabilities and Equity 50,568,204 52,256,309
Financing Leases, net of current portion 999 3,972
Operating Leases, net of current portion 5,018,833 5,167,013
Deferred Tax Liability 5,058,708 4,844,958
Cash 4,891,304 5,798,641
Other 0 2,107,108
Inventory 3,504,520 3,871,626
Prepaid expenses 1,154,397 585,423
Total Current Assets 13,629,089 16,786,749
Property, Plant and Equipment, net 31,689,437 30,066,119
Right-to-use Assets 5,249,678 5,403,441
Total Assets 50,568,204 52,256,309
Current portion of long-term debt 2,245,185 2,362,212
Current portion of financing leases 10,133 19,171
Current portion of operating leases 294,219 286,221
Accounts payable 2,808,499 2,633,572
Accrued expenses 1,214,383 1,036,760
Deferred revenue 22,964 840,945
Preferred dividends payable 47,021 0
Total Current Liabilities 6,642,404 7,178,881
Long-Term Debt, net of current portion and debt issuance costs 10,024,436 11,080,736
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 and 28,361,201 shares issued and outstanding, respectively 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,713,281) (29,555,356)
Total Equity 23,822,824 23,980,749
Total Liabilities and Equity 50,568,204 52,256,309
Financing Leases, net of current portion 999 3,972
Operating Leases, net of current portion 5,018,833 5,167,013
Deferred Tax Liability 5,058,708 4,844,958
Current Liabilities: 50,568,204 52,256,309
Current portion of long-term debt 2,245,185 2,362,212
Current portion of financing leases 10,133 19,171
Current portion of operating leases 294,219 286,221
Accounts payable 2,808,499 2,633,572
Accrued expenses 1,214,383 1,036,760
Deferred revenue 22,964 840,945
Preferred dividends payable 47,021 0
Total Current Liabilities 6,642,404 7,178,881
Long-Term Debt, net of current portion and debt issuance costs 10,024,436 11,080,736
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 and 28,361,201 shares issued and outstanding, respectively 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,713,281) (29,555,356)
Total Equity 23,822,824 23,980,749
Total Liabilities and Equity 50,568,204 52,256,309
Financing Leases, net of current portion 999 3,972
Operating Leases, net of current portion 5,018,833 5,167,013
Deferred Tax Liability 5,058,708 4,844,958
Long-Term Debt, net of current portion and debt issuance costs 10,024,436 11,080,736
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 and 28,361,201 shares issued and outstanding, respectively 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (29,713,281) (29,555,356)
Total Equity 23,822,824 23,980,749
Total Liabilities and Equity 50,568,204 52,256,309
Nonrelated Party [Member]    
Current Assets:    
Accounts Receivable 3,455,030 4,158,381
Accounts Receivable 3,455,030 4,158,381
Related Party [Member]    
Current Assets:    
Accounts Receivable 623,838 265,570
Accounts Receivable $ 623,838 $ 265,570