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Consolidated Statements of Income - USD ($)
12 Months Ended
May 31, 2022
May 31, 2021
Income Statement [Abstract]    
Sales $ 74,170,351 $ 64,925,059
Cost of Sales 66,395,792 53,468,239
Gross Profit 7,774,559 11,456,820
Selling, General and Administrative Expenses 5,200,387 5,202,231
Operating Income 2,574,172 6,254,589
Other Income (Expense):    
Gain on the forgiveness of debt 3,068,497
Other income 281,049 29,326
Interest expense (841,701) (1,177,799)
Income before Income Taxes 5,082,017 5,106,116
Provision for Income Taxes 535,417 1,480,590
Net Income 4,546,600 3,625,526
Income Attributable to Non-controlling Interest (279,663) (272,142)
Preferred Dividends (328,459) (323,219)
Net Income Attributable to Common Stockholders $ 3,938,478 $ 3,030,165
Income Per Share of Common Stock -    
Basic $ 0.14 $ 0.11
Diluted $ 0.13 $ 0.10
Weighted Average Shares of Common Stock Outstanding -    
Basic 28,423,721 28,361,201
Diluted 32,252,432 32,364,942