Long-Term Debt (Tables)

6 Months Ended

Nov. 30, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Debt as of November 30, 2020 and May 31, 2020 is as follows:

	November 30,			May 31,
	2020			2020
Term loan A payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing April 30, 2023	$	2,046,067		$	2,459,854
Term loan C payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.0%, maturing August 4, 2024		1,037,291			1,165,774
Term loan D payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, maturing January 10, 2022		815,983			1,136,455
Term loan E payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, maturing January 10, 2022		573,469			696,174
Term loan F payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.25%, maturing February 29, 2024		2,398,571			2,752,293
Term loan G payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.25%, maturing April 30, 2024		814,314			837,811
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.5%, due January 31, 2022		1,100,000			2,540,000
Paycheck Protection Program note, interest rate of 1.0%, maturing April 13, 2022		3,034,000			3,034,000
Term loan payable by GRE to International Bank of Commerce, interest rate of 5.5%, monthly principal and interest payment of $27,688, due April 30, 2023		2,157,320			2,261,425
Term note payable to Great Western Bank, interest rate of 3.7%, monthly principal and interest payments of $27,593, due March 19, 2025, secured by certain equipment		1,323,295			1,461,726
Note payable to Robert Rosene, 7.5% interest, due January 15, 2022		3,649,878			4,253,228
Other		165,810			183,156
Total long-term debt		19,115,998			22,781,896
Debt issuance costs, net of amortization		(33,306	)		(35,886	)
Total debt, net of debt issuance costs		19,082,692			22,746,010
Less: Current portion of long-term debt		(5,195,878	)		(4,416,377	)
Long-term debt, net of current portion	$	13,886,814		$	18,329,633