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CONDENSED CONSOLIDATED BALANCE SHEETS (February 28, 2021 Unaudited) - USD ($)
Feb. 28, 2021
May 31, 2020
Current Assets:    
Cash and cash equivalents $ 1,391,592 $ 1,349,363
Accounts receivable - trade, net 24,673,028 7,932,310
Contract assets 16,475,681 4,837,008
Factoring reserve 2,424,287 970,724
Other prepaid expenses and current assets 28,642 91,671
Total current assets 44,993,230 15,181,076
Property and equipment - net 182,449 198,988
Other long-term assets:    
Goodwill 4,463,129 4,773,584
Intangible assets - net 8,221,639 8,752,000
Operating lease right-of-use assets - net 3,948,730 4,770,280
Deposits and other assets 431,362 292,404
Other long-term assets 17,064,860 18,588,268
Total assets 62,240,539 33,968,332
Current Liabilities:    
Accounts payable - trade 35,757,338 9,591,780
Accrued expenses and other current liabilities 2,505,270 3,619,216
Accrued freight 5,089,295 3,477,380
Current portion of notes payable 2,569,287 1,476,642
Current portion of long-term debt due to related parties 2,762,322 6,380,975
Current portion of operating lease liability 1,402,300 1,288,216
Total current liabilities 50,085,812 25,834,209
Other long-term liabilities 636,006 848,010
Long-term-debt due to related parties, net of current portion 874,106 193,328
Notes payable, net of current portion 1,118,421 2,494,420
Operating lease liability, net of current portion 2,609,255 3,482,064
Total long-term liabilities 5,237,788 7,017,822
Total liabilities 55,323,600 32,852,031
Stockholders' Equity:    
Common Stock, Value 358,287 0
Additional paid-in capital 4,878,148 1,523,811
Retained earnings (accumulated deficit) 1,679,534 (408,510)
Total Stockholders' Equity 6,916,939 1,116,301
Total Liabilities and Stockholders' Equity 62,240,539 33,968,332
Series A Preferred Stock    
Stockholders' Equity:    
Preferred Stock, Value 130 130
Series B Preferred Stock    
Stockholders' Equity:    
Preferred Stock, Value $ 840 $ 870

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