XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Sales $ 12,135,247 $ 15,597,036 $ 25,595,894 $ 33,010,707
Cost of Sales 10,754,713 12,459,570 22,312,466 25,828,480
Gross Profit 1,380,534 3,137,466 3,283,428 7,182,227
Selling, General and Administrative Expenses 1,360,957 1,374,024 3,181,148 2,586,974
Gain on involuntary conversion (See Note 4)     (741,821) 0
Operating Income 19,577 1,763,442 844,101 4,595,253
Other Income (Expense):        
Other income 51,081 1,554 70,470 3,153
Interest expense (275,372) (330,170) (570,081) (672,361)
Income before Income Taxes (204,714) 1,434,826 344,490 3,926,045
Provision for Income Taxes 0 (470,000) (213,750) (1,217,000)
Net Income (204,714) 964,826 130,740 2,709,045
Preferred Dividends (140,583) (146,472) (288,665) (292,671)
Net Income (Loss) Attributable to Common Stockholders (345,297) 818,354 (157,925) 2,416,374
Income (Loss) before Income Taxes (204,714) 1,434,826 344,490 3,926,045
Preferred Dividends $ 140,583 $ 146,472 $ 288,665 $ 292,671
Income Per Share of Common Stock - (in dollars per share) $ (0.01) $ 0.03 $ (0.01) $ 0.08
Basic (in dollars per share) $ (0.01) $ 0.03 $ (0.01) $ 0.09
Basic (in shares) 28,279,701 28,279,701 28,279,701 28,279,701
Diluted (in shares) 28,279,701 28,774,780 28,279,701 28,774,562
Sales $ 12,135,247 $ 15,597,036 $ 25,595,894 $ 33,010,707
Cost of Sales 10,754,713 12,459,570 22,312,466 25,828,480
Gross Profit 1,380,534 3,137,466 3,283,428 7,182,227
Selling, General and Administrative Expenses 1,360,957 1,374,024 3,181,148 2,586,974
Operating Income $ 19,577 $ 1,763,442 $ 844,101 $ 4,595,253
Net Income (Loss) Per Share of Common Stock -        
Basic (in dollars per share) $ (0.01) $ 0.03 $ (0.01) $ 0.09
Income Per Share of Common Stock - (in dollars per share) (0.01) 0.03 (0.01) 0.08
Basic (in dollars per share) $ (0.01) $ 0.03 $ (0.01) $ 0.09
Basic (in shares) 28,279,701 28,279,701 28,279,701 28,279,701
Diluted (in shares) 28,279,701 28,774,780 28,279,701 28,774,562
Sales $ 12,135,247 $ 15,597,036 $ 25,595,894 $ 33,010,707
Cost of Sales 10,754,713 12,459,570 22,312,466 25,828,480
Gross Profit 1,380,534 3,137,466 3,283,428 7,182,227
Selling, General and Administrative Expenses 1,360,957 1,374,024 3,181,148 2,586,974
Operating Income $ 19,577 $ 1,763,442 $ 844,101 $ 4,595,253
Basic (in shares) 28,279,701 28,279,701 28,279,701 28,279,701
Diluted (in shares) 28,279,701 28,774,780 28,279,701 28,774,562