| Schedule of Long-Term Debt Instruments [Table Text Block] |
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May 31, 2026
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May 31, 2025
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Term Loans, payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 6.25% maturing July 29, 2030
|
|
$ |
9,233,703 |
|
|
$ |
10,502,754 |
|
|
Term Loan payable to First Interstate Bank, interest rate of 3.50%, monthly principal and interest payments of $5,997, due August 10, 2028, secured by certain real estate
|
|
|
617,370 |
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|
666,588 |
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|
Revolving loan, payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 6.5%, maturing February 5, 2027
|
|
|
2,200,000 |
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|
|
- |
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Total Debt
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|
|
12,051,073 |
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|
|
11,169,342 |
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Less: Debt issue costs, net of amortization
|
|
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(56,484 |
) |
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|
(86,335 |
) |
|
Total debt, net of debt issuance costs
|
|
|
11,994,589 |
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|
|
11,083,007 |
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Less: Current portion of debt
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|
|
(11,994,589 |
) |
|
|
(2,249,524 |
) |
|
Long-term Debt, net of current portion
|
|
$ |
- |
|
|
$ |
8,833,483 |
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|