Debt (Tables)

3 Months Ended

Aug. 31, 2016

Debt Disclosure [Abstract]

Schedule of Debt

Debt as of August 31, 2016 and May 31, 2016 is as follows:

	August 31, 2016			May 31, 2016
Term note A payable to International Bank of Commence, prime rate of interest plus 0.5% but not less than 4.0%, maturing January 7, 2019	$	5,140,476		$	5,310,179
Term note B payable to International Bank of Commence, prime rate of interest plus 0.5% but not less than 4.0%, maturing January 7, 2019		2,448,894			2,688,659
Revolving note payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, due January 31, 2018		1,675,000			1,675,000
Term note payable by GRE to International Bank of Commerce, interest rate of 4.5%, monthly principal and interest payments of $26,215, due January 31, 2019		2,977,666			3,021,734
Capital lease with a private pallet leasing company, interest rate of 5%, maturity of August 7, 2019		2,672,078			-
Note payable to Robert Rosene, 7.5% interest, due January 15, 2018		4,541,690			2,066,000
Note payable to Yorktown Management & Financial Services, LLC, 5% interest, due February 28, 2019, monthly principal and interest payments of $20,629		580,614			634,616
Other		47,158			50,560
Debt issue costs, net of amortization		(62,698	)		(69,185	)
		20,020,878			15,377,563
Less: Current portion		(3,201,905	)		(2,088,327	)
Long-term debt	$	16,818,973		$	13,289,236