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Consolidated Statements of Income - USD ($)
12 Months Ended
May 31, 2020
May 31, 2019
Income Statement [Abstract]    
Sales $ 76,204,608 $ 71,077,116
Cost of Sales 64,721,749 62,837,214
Gross Profit 11,482,859 8,239,902
Selling, General and Administrative Expenses 4,623,618 3,922,284
Operating Income 6,859,241 4,317,618
Other Income (Expense):    
Other income 17,680 11,560
Interest expense (1,705,351) (1,836,294)
Income before Income Taxes 5,171,570 2,492,884
Provision for Income Taxes 209,000 435,677
Net Income 4,962,570 2,057,207
Income Attributable to Non-controlling Interest (262,149) (252,116)
Preferred Dividends (398,836) (428,455)
Net Income Attributable to Common Stockholders $ 4,301,585 $ 1,376,636
Income Per Share of Common Stock - Basic and Diluted $ 0.15 $ 0.05
Weighted Average Shares of Common Stock Outstanding - Basic 28,361,201 28,361,201
Weighted Average Shares of Common Stock Outstanding - Diluted 32,343,657 29,009,415