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Consolidated Statements of Income - USD ($)
12 Months Ended
May 31, 2025
May 31, 2024
Sales $ 57,869,480 $ 61,780,715
Cost of Sales 48,391,187 50,065,085
Gross Profit 9,478,293 11,715,630
Selling, General and Administrative Expenses 5,906,804 5,168,607
Gain on involuntary conversion (see Note 4) (741,821) (593,647)
Operating Income 4,313,310 7,140,670
Other Income (Expense):    
Other Income 162,249 209,079
Interest Expense (1,018,084) (1,291,054)
Income before Income Taxes 3,457,475 6,058,695
Provision for Income Taxes (1,106,465) (1,031,204)
Net Income 2,351,010 5,027,491
Preferred Dividends (428,713) (587,226)
Net Income Attributable to Common Stockholders $ 1,922,297 $ 4,440,265
Net Income Per Share of Common Stock -    
Basic (in dollars per share) $ 0.07 $ 0.16
Diluted (in dollars per share) $ 0.07 $ 0.15
Weighted Average Shares of Common Stock Outstanding    
Basic (in shares) 28,063,545 28,279,701
Diluted (in shares) 28,559,360 28,774,984