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CONCENTRATIONS	12 Months Ended
May 31, 2013
CONCENTRATIONS [Abstract]
CONCENTRATIONS	Note 12. CONCENTRATIONS For the fiscal years ended May 31, 2013 and 2012, one customer accounted for approximately 63% and 59% of sales, respectively. The account receivable from this customer at May 31, 2013 totaled $924,914. Purchases from this major customer were approximately $1,472,000 and $3,626,000 in fiscal years 2013 and 2012, respectively. The purchases in fiscal year 2012 included $2,158,000 for a pallet size whose use was discontinued by the customer. For the fiscal years 2013 and 2012, Greystone purchased approximately 49% of its raw materials from third-party vendors through Yorktown Management & Financial Services LLC, an entity owned by Warren Kruger, Greystone's President and CEO. Effective February 1, 2013, the practice of purchasing raw materials from unrelated third-party vendors through Yorktown was terminated. However, Yorktown has an operation that purchases, grinds and cleans recycled plastic material for sale to unrelated third-party customers as well as to Greystone.

CONCENTRATIONS

12 Months Ended

May 31, 2013

Note 12. CONCENTRATIONS

For the fiscal years ended May 31, 2013 and 2012, one customer accounted for approximately 63% and 59% of sales, respectively. The account receivable from this customer at May 31, 2013 totaled $924,914.

Purchases from this major customer were approximately $1,472,000 and $3,626,000 in fiscal years 2013 and 2012, respectively. The purchases in fiscal year 2012 included $2,158,000 for a pallet size whose use was discontinued by the customer.

For the fiscal years 2013 and 2012, Greystone purchased approximately 49% of its raw materials from third-party vendors through Yorktown Management & Financial Services LLC, an entity owned by Warren Kruger, Greystone's President and CEO. Effective February 1, 2013, the practice of purchasing raw materials from unrelated third-party vendors through Yorktown was terminated. However, Yorktown has an operation that purchases, grinds and cleans recycled plastic material for sale to unrelated third-party customers as well as to Greystone.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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