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12. CONCENTRATIONS	12 Months Ended
May 31, 2014
Concentration Risks, Types, No Concentration Percentage [Abstract]
CONCENTRATIONS	For the fiscal years ended May 31, 2014 and 2013, one customer accounted for approximately 56% and 63% of total sales, respectively. The account receivable from this customer at May 31, 2014 totaled $924,261. Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content of the pallet. A majority of these purchases are from Greystone’s major customer which were approximately $1,499,000 and $1,472,000 in fiscal years 2014 and 2013, respectively. For the fiscal year 2013, 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.

12. CONCENTRATIONS

12 Months Ended

May 31, 2014

Concentration Risks, Types, No Concentration Percentage [Abstract]

For the fiscal years ended May 31, 2014 and 2013, one customer accounted for approximately 56% and 63% of total sales, respectively. The account receivable from this customer at May 31, 2014 totaled $924,261.

Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content of the pallet. A majority of these purchases are from Greystone’s major customer which were approximately $1,499,000 and $1,472,000 in fiscal years 2014 and 2013, respectively.

For the fiscal year 2013, 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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