Note 7 - Leases (Tables)
|
12 Months Ended |
May 31, 2026 |
|---|
| Notes Tables |
|
| Schedule of Financing Lease [Table Text Block] |
| |
|
May 31,
|
|
|
May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Non-cancellable financing leases
|
|
$ |
- |
|
|
$ |
4,457 |
|
|
Less: Current portion
|
|
|
- |
|
|
|
(4,457 |
) |
|
Non-cancellable financing leases, net of current portion
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
May 31,
|
|
|
May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Production equipment under financing leases
|
|
$ |
24,431 |
|
|
$ |
24,431 |
|
|
Less: Accumulated amortization
|
|
|
(24,431 |
) |
|
|
(17,509 |
) |
|
Production equipment under financing leases, net
|
|
$ |
- |
|
|
$ |
6,922 |
|
|
| Schedule of Operating Lease [Table Text Block] |
| |
|
May 31,
|
|
|
May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Liability under operating leases
|
|
$ |
4,864,486 |
|
|
$ |
5,168,301 |
|
|
Less: Current portion
|
|
|
(323,977 |
) |
|
|
(303,815 |
) |
|
Long-term portion of liability under operating leases
|
|
$ |
4,540,509 |
|
|
$ |
4,864,486 |
|
|
| Lease, Cost [Table Text Block] |
| |
|
May 31,
|
|
|
May 31,
|
|
| |
|
2026
|
|
|
2025
|
|
|
Lease Expense
|
|
|
|
|
|
|
|
|
|
Financing lease expense -
|
|
|
|
|
|
|
|
|
|
Amortization of right-of-use assets
|
|
$ |
6,992 |
|
|
$ |
4,887 |
|
|
Interest on lease liabilities
|
|
|
55 |
|
|
|
487 |
|
|
Operating lease expense
|
|
|
636,160 |
|
|
|
636,755 |
|
|
Short-term lease expense
|
|
|
1,550,461 |
|
|
|
1,506,817 |
|
|
Total
|
|
$ |
2,193,668 |
|
|
$ |
2,148,946 |
|
| |
|
|
|
|
|
|
|
|
|
Other Information
|
|
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities for finance leases -
|
|
|
|
|
|
|
|
|
|
Operating cash flows
|
|
$ |
55 |
|
|
$ |
487 |
|
|
Financing cash flows
|
|
$ |
4,457 |
|
|
$ |
18,686 |
|
|
Cash paid for amounts included in the measurement of lease liabilities for operating leases -
|
|
|
|
|
|
|
|
|
|
Operating cash flows
|
|
$ |
609,000 |
|
|
$ |
610,291 |
|
| |
|
|
|
|
|
|
|
|
|
Weighted-average remaining lease term (in years) -
|
|
|
|
|
|
|
|
|
|
Financing leases
|
|
|
N/A |
|
|
|
0.7 |
|
|
Operating leases
|
|
|
10.8 |
|
|
|
11.7 |
|
|
Weighted-average discount rate -
|
|
|
|
|
|
|
|
|
|
Financing leases
|
|
|
N/A |
|
|
|
3.0 |
% |
|
Operating leases
|
|
|
6.1 |
% |
|
|
6.1 |
% |
|
| Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] |
| |
|
Operating
|
|
| |
|
Leases
|
|
|
Twelve months ending May 31, 2027
|
|
$ |
609,000 |
|
|
Twelve months ending May 31, 2028
|
|
|
631,300 |
|
|
Twelve months ending May 31, 2029
|
|
|
635,760 |
|
|
Twelve months ending May 31, 2030
|
|
|
604,510 |
|
|
Twelve months ending May 31, 2031
|
|
|
560,760 |
|
|
Thereafter
|
|
|
3,597,820 |
|
|
Total future minimum lease payments
|
|
|
6,639,150 |
|
|
Less: Imputed interest
|
|
|
(1,774,664 |
) |
|
Present value of minimum lease payments
|
|
$ |
4,864,486 |
|
|