Consolidated Balance Sheets (Unaudited) (USD $)	Feb. 28, 2015	May 31, 2014
Current Assets:
Cash	$ 205,311	$ 661,263
Accounts receivable, Trade, net of allowance of $71,462	636,700	2,023,563
Accounts receivable, Related party receivable	400,930	219,505
Inventory	2,938,866	1,616,165
Deferred tax asset - current	1,330,000	1,077,000
Prepaid expenses	55,813	97,170
Total Current Assets	5,567,620	5,694,666
Property and Equipment, net of accumulated depreciation	8,673,841	8,776,137
Deferred Tax Asset	951,955	1,133,000
Other Assets	138,979	163,188
Total Assets	15,332,395	15,766,991
Current Liabilities:
Current portion of long-term debt	2,550,923	3,979,376
Accounts payable and accrued expenses	1,484,391	782,591
Accrued interest - related party	2,063,618	1,835,999
Preferred dividends payable	52,534	27,603
Total Current Liabilities	6,151,466	6,625,569
Long-Term Debt, net of current portion	10,774,829	10,524,745
Deficit:
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000	5	5
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 27,411,201 and 26,461,201 shares issued and outstanding	2,741	2,646
Additional paid-in capital	53,490,079	53,336,106
Accumulated deficit	(56,097,967)	(55,715,203)
Total Greystone Stockholders' Deficit	(2,605,142)	(2,376,446)
Non-controlling interest	1,011,242	993,123
Total Deficit	(1,593,900)	(1,383,323)
Total Liabilities and Deficit	$ 15,332,395	$ 15,766,991