Note 11 - Fair Value of Financial Instruments |
3 Months Ended |
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Aug. 31, 2026 | |
| Notes to Financial Statements | |
| Financial Instruments Disclosure [Text Block] |
Note 11. FAIR VALUE OF FINANCIAL INSTRUMENTS
The following methods and assumptions are used in estimating the fair-value disclosures for financial instruments:
Cash, Accounts Receivable, and Accounts Payable: The carrying amounts reported in the consolidated balance sheets for cash, accounts receivable, and accounts payable approximate fair value due to the short-term maturity of these instruments.
Debt: The carrying amount of notes with floating rates of interest approximate fair value. Fixed rate notes are valued based on cash flows using estimated rates of comparable notes. The carrying amounts reported on the consolidated balance sheets approximate fair value.
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