Long-term Debt and Capital Lease (Tables)

12 Months Ended

May 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of the following as of May 31

	2017			2016
Term note A payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing January 7, 2019	$	4,626,191		$	5,310,179
Term note B payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing January 7, 2019		1,715,132			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, 2019		2,260,000			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		2,841,285			3,021,734
Note payable to Robert Rosene, 7.5% interest, due January 15, 2019		4,469,355			2,066,000
Note payable to First Bank, prime rate of interest plus 1.45% but not less than 4.95%, monthly principal and interest payment of $30,628, due August 21, 2021		1,396,448			-
Note payable to Yorktown Management & Financial Services, LLC, 5.0% interest, due February 28, 2019, monthly principal and interest payments of $20,629		413,969			634,616
Other		310,036			50,560
Face value of long-term debt		18,032,416			15,446,748
Less: Debt issue costs, net of amortization		(228,426	)		(69,185	)
		17,803,990			15,377,563
Less: Current portion		(2,493,236	)		(2,088,327	)
Long-term debt	$	15,310,754		$	13,289,236

Schedule of Non-cancellable Capital Lease

Capital lease consists of the following as of May 31:

	2017			2016
Non-cancellable capital lease with private company,
interest rate of 5%, due August 7, 2019	$	3,794,063		$	-
Less: current portion		(2,261,560	)		-
Non-cancellable capital lease, net of current portion	$	1,532,503		$	-