PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

May 31, 2013

PROPERTY, PLANT AND EQUIPMENT [Abstract]

Property, plant and equipment

A summary of the property, plant and equipment for Greystone is as follows, as of May 31:

	2013			2012
Production machinery and equipment	$	10,717,493		$	10,121,006
Building and land		4,663,339			4,663,339
Leasehold improvements		203,034			188,124
Furniture and fixtures		171,093			161,592
		15,754,959			15,134,061
Less: Accumulated depreciation		(8,710,820	)		(7,335,883	)
Net Property, Plant and Equipment	$	7,044,139		$	7,798,178