Leases (Tables)

6 Months Ended

Nov. 30, 2020

Leases [Abstract]

Schedule of Financing Lease

Financing leases as of November 30, 2020 and May 31, 2020:

	November 30, 2020			May 31, 2020
Non-cancellable financing leases	$	4,500,077		$	5,455,656
Less: Current portion		(1,920,854	)		(1,838,251	)
Non-cancellable financing leases, net of current portion	$	2,579,223		$	3,617,405

Summary of Lease Activity

For the periods ending November 30, 2020 and 2019:

	2020			2019
Lease Expense
Financing lease expense -
Amortization of right-of-use assets	$	505,935		$	416,000
Interest on lease liabilities		156,059			220,255
Operating lease expense		40,941			39,650
Short-term lease expense		723,443			797,835
Total	$	1,426,378		$	1,473,740
Other Information
Cash paid for amounts included in the measurement of lease liabilities for finance leases -
Operating cash flows	$	156,059		$	220,255
Financing cash flows	$	955,580		$	911,529
Cash paid for amounts included in the measurement of lease liabilities for operating leases -
Operating cash flows	$	40,941		$	39,650
Right-of-use assets obtained in exchange for lease liabilities -
Operating leases	$	-		$	67,750
Weighted-average remaining lease term (in years) -
Financing leases		2.3			3.2
Operating leases		2.4			3.5
Weighted-average discount rate -
Financing leases		7.4	%		7.1	%
Operating leases		5.2	%		5.3	%

Schedule of Future Minimum Lease Payments

Future minimum lease payments under non-cancelable leases as of November 30, 2020, are approximately:

	Financing Leases		Operating Leases
Twelve months ended November 30, 2021	$	2,186,436	$	81,881
Twelve months ended November 30, 2022		1,991,930		37,881
Twelve months ended November 30, 2023		701,171		27,751
Twelve months ended November 30, 2024		23,669		9,037
Twelve months ended November 30, 2025		3,593		-
Total future minimum lease payments		4,906,799		156,550
Present value discount		406,722		11,281
Present value of minimum lease payments	$	4,500,077	$	145,269