Long-term Debt (Tables)

9 Months Ended

Feb. 28, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Debt as of February 28, 2022 and May 31, 2021 is as follows:

	February 28,			May 31,
	2022			2021
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	$	973,767		$	1,623,572
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		703,855			905,822
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		-			487,390
Term loan E payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.75%, maturing February 28, 2023		253,181			447,551
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		1,476,551			2,035,670
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		-			789,926
Revolving loan payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 5.5%, due January 31, 2024		3,700,000			-
Paycheck Protection Program note, interest rate of 1.0%, debt forgiven June 2021		-			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		1,883,218			2,049,941
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		962,651			1,180,470
Term loan payable to Great Western Bank, interest rate of 3.5%, monthly principal and interest payments of $5,997, due August 10, 2028, secured by certain real estate		814,758			-
Note payable to Robert Rosene, 7.5% interest, due January 15, 2024		3,357,143			3,536,112
Other		120,648			147,914
Total long-term debt		14,245,772			16,238,368
Debt issuance costs, net of amortization		(31,211	)		(30,726	)
Total debt, net of debt issuance costs		14,214,561			16,207,642
Less: Current portion of long-term debt		(2,818,321	)		(3,236,113	)
Long-term debt, net of current portion	$	11,396,240		$	12,971,529