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Consolidated Balance Sheets - USD ($)
May 31, 2025
May 31, 2024
Current Assets:    
Cash $ 1,545,035 $ 5,798,641
Other 0 2,107,108
Inventory 3,484,038 3,871,626
Prepaid expenses 556,912 585,423
Total Current Assets 10,836,683 16,786,749
Property, Plant and Equipment, net 30,044,886 30,066,119
Right-to-use Assets 5,091,348 5,403,441
Total Assets 45,972,917 52,256,309
Current Liabilities:    
Current portion of long-term debt 2,249,524 2,362,212
Current portion of financing leases 4,457 19,171
Current portion of operating leases 303,815 286,221
Accounts payable and accrued expenses 4,023,920 3,670,332
Deferred revenue 22,964 840,945
Preferred dividends payable 1,610 0
Total Current Liabilities 6,606,290 7,178,881
Long-Term Debt, net of current portion and debt issuance costs 8,833,483 11,080,736
Financing Leases, net of current portion 0 3,972
Operating Leases, net of current portion 4,864,486 5,167,013
Deferred Tax Liability 5,792,349 4,844,958
Total Liabilities 26,096,608 28,275,560
Equity:    
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- and 50,000 shares issued and outstanding in 2025 and 2024; liquidation preference of $0 and $5,000,000 in 2025 and 2024 0 5
Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,879,701 and 28,279,701 shares issued 2025 and 2024; 27,360,577 and 28,279,701 shares outstanding in 2025 and 2024 2,788 2,828
Treasury Stock, at cost, 519,124 shares (606,737) 0
Additional paid-in capital 48,113,317 53,533,272
Accumulated deficit (27,633,059) (29,555,356)
Total Equity 19,876,309 23,980,749
Total Liabilities and Equity 45,972,917 52,256,309
Nonrelated Party [Member]    
Current Assets:    
Accounts Receivable 4,359,815 4,158,381
Related Party [Member]    
Current Assets:    
Accounts Receivable $ 890,883 $ 265,570