Consolidated Balance Sheets - USD ($)	May. 31, 2015	May. 31, 2014
Current Assets:
Cash	$ 598,887	$ 661,263
Accounts receivable - Trade, net of allowance for doubtful accounts of $13,260 and $71,462, respectively	1,453,416	2,023,563
Accounts receivable - Related party receivables	519,659	219,505
Inventory	1,429,344	1,616,165
Deferred tax asset - current	1,222,110	1,077,000
Prepaid expenses	20,249	97,170
Total Current Assets	5,243,665	5,694,666
Property and Equipment, net of accumulated depreciation	8,509,315	8,776,137
Deferred Tax Asset - non-current	557,127	1,133,000
Other Assets	129,634	163,188
Total Assets	14,439,741	15,766,991
Current Liabilities:
Current portion of long-term debt	2,278,164	3,979,376
Accounts payable and accrued expenses	798,470	782,591
Accrued expenses - related parties	2,143,275	1,835,999
Preferred dividends payable	54,315	27,603
Total Current Liabilities	5,274,224	6,625,569
Long-Term Debt, net of current portion	10,300,847	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	53,503,435	53,336,106
Accumulated deficit	(55,657,638)	(55,715,203)
Total Greystone Stockholders' Deficit	(2,151,457)	(2,376,446)
Non-controlling interest	1,016,127	993,123
Total Deficit	(1,135,330)	(1,383,323)
Total Liabilities and Deficit	$ 14,439,741	$ 15,766,991