| Schedule of Long-Term Debt Instruments [Table Text Block] |
| |
|
November 30, 2025
|
|
|
May 31, 2025
|
|
|
Term loans dated July 29, 2022, payable to International Bank of Commerce, prime rate of interest plus 0.5% but not less than 4.50% maturing July 29, 2027
|
|
$ |
9,421,091 |
|
|
$ |
10,502,754 |
|
|
Term loan payable to First Interstate Bank, interest rate of 3.50%, monthly principal and interest payments of $5,997, due Augustust 10, 2028, secured by certain real estate
|
|
|
642,352 |
|
|
|
666,588 |
|
|
Revolving loan dated July 29, 2022, payable to International Bank of Commerce, interest rate of 7.5%, maturing February 5, 2026
|
|
|
900,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
Total
|
|
|
10,963,443 |
|
|
|
11,169,342 |
|
|
Debt issuance costs, net of amortization
|
|
|
(74,214 |
) |
|
|
(86,335 |
) |
|
Total debt, net of debt issuance costs
|
|
|
10,889,229 |
|
|
|
11,083,007 |
|
|
Less: Current portion of long-term debt
|
|
|
(3,272,978 |
) |
|
|
(2,249,524 |
) |
|
Long-term debt, net of current portion
|
|
$ |
7,616,251 |
|
|
$ |
8,833,483 |
|
|