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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Income Statement [Abstract]        
Sales $ 15,523,318 $ 19,503,462 $ 33,091,494 $ 38,167,971
Cost of Sales 12,423,073 17,353,239 27,032,690 33,656,973
Gross Profit 3,100,245 2,150,223 6,058,804 4,510,998
Selling, General and Administrative Expenses 1,331,219 1,112,630 2,471,457 2,190,228
Operating Income 1,769,026 1,037,593 3,587,347 2,320,770
Other Income (Expense):        
Other income 2,434 2,880 8,944 4,913
Interest expense (291,387) (432,788) (653,060) (913,699)
Income before Income Taxes 1,480,073 607,685 2,943,231 1,411,984
Provision for Income Taxes 457,000 135,000 911,000 320,000
Net Income 1,023,073 472,685 2,032,231 1,091,984
Income Attributable to Non-controlling Interest (67,975) (65,620) (135,014) (130,306)
Preferred Dividends (81,918) (102,637) (163,836) (215,000)
Net Income Attributable to Common Stockholders $ 873,180 $ 304,428 $ 1,733,381 $ 746,678
Income Per Share of Common Stock - Basic and Diluted $ 0.03 $ 0.01 $ 0.06 $ 0.03
Weighted Average Shares of Common Stock Outstanding - Basic 28,361,201 28,361,201 28,361,201 28,361,201
Weighted Average Shares of Common Stock Outstanding - Diluted 32,363,683 29,001,160 32,363,351 29,005,432