v3.21.2
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Aug. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF COMPONENTS OF LEASE EXPENSE

The components of lease expense were as follows:

 

    August 31, 2021     August 31, 2020  
    For the Three Months Ended     For the Three Months Ended  
    August 31, 2021     August 31, 2020  
Operating lease   $

362,201

     $

346,702

  
Interest on lease liabilities     52,384       50,741  
Total net lease cost   $

414,585

     $

397,443

  
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION

Supplemental balance sheet information related to leases was as follows:

 

    August 31, 2021     May 31, 2021  
             
Operating leases:                
Operating lease ROU assets – net   $ 3,435,326     $ 3,797,527  
                 
Current operating lease liabilities, included in current liabilities   $ 1,481,602     $ 1,466,409  
Noncurrent operating lease liabilities, included in long-term liabilities     2,064,121       2,431,144  
Total operating lease liabilities   $ 3,545,723     $ 3,897,553  
SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION

Supplemental cash flow and other information related to leases was as follows:

 

    For the
Three Months Ended
August 31, 2021		     For the
Three Months Ended
August 31, 2020		  
             
ROU assets obtained in exchange for lease liabilities:                
Operating leases   $ -     $ 223,242
Weighted average remaining lease term (in years):                
Operating leases     3.95       4.45  
Weighted average discount rate:                
Operating leases     4.25 %     4.25 %
SCHEDULE OF MINIMUM LEASE PAYMENTS

As of August 31, 2021, future minimum lease payments under noncancelable operating leases are as follows:

 

       
Twelve Months Ending August 31,      
2022   $

1,569,738

  
2023     696,262  
2024     507,321  
2025     423,985  
2026     229,215  
Thereafter     420,309  
Total lease payments    

3,846,830

  
Less: imputed interest     (311,107 )
Total lease obligations   $

3,535,723