| Schedule of Long-Term Debt Instruments [Table Text Block] |
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August 31, 2026
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May 31, 2026
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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
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$ |
9,233,703 |
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|
$ |
9,233,703 |
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|
Term loan payable to First Interstate Bank, interest rate of 3.50%, monthly principal and interest payments of $5,997, due August 10, 2028, secured by certain real estate
|
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604,805 |
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617,370 |
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Revolving loan, payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 6.5%, maturing February 5, 2027
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2,200,000 |
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2,200,000 |
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| |
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Total Debt
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12,038,508 |
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|
12,051,073 |
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Less: Debt issuance costs, net of amortization
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(47,805 |
) |
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(56,484 |
) |
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Total debt, net of debt issuance costs
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11,990,703 |
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11,994,589 |
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Less: Current portion of long-term debt
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(11,990,703 |
) |
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|
(11,994,589 |
) |
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Long-term debt, net of current portion
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$ |
- |
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$ |
- |
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