Consolidated Balance Sheet (Unaudited) - USD ($)	Aug. 31, 2015	May. 31, 2015
Current Assets:
Cash	$ 718,193	$ 598,887
Accounts receivable - Trade, net of allowance of $13,260	1,802,986	1,453,416
Accounts receivable - Related party receivables	486,583	519,659
Inventory	2,054,267	1,429,344
Deferred tax asset - current	1,232,881	1,222,110
Prepaid expenses and other	10,000	20,249
Total Current Assets	6,304,910	5,243,665
Property, Plant and Equipment	18,355,006	18,072,472
Less: Accumulated Depreciation	(9,942,123)	(9,563,157)
Property, Plant and Equipment, net	8,412,883	8,509,315
Deferred Tax Asset	551,641	557,127
Other Assets	121,578	129,634
Total Assets	15,391,012	14,439,741
Current Liabilities:
Current portion of long-term debt	1,987,039	2,278,164
Accounts payable and accrued expenses	2,534,677	798,470
Accounts payable and accrued expenses - related parties	2,224,470	2,143,275
Preferred dividends payable	55,206	54,315
Total Current Liabilities	6,801,392	5,274,224
Long-Term Debt, net of current portion	9,796,116	10,300,847
Deficit:
Preferred stock, $0.0001 par value, $5,000,000 liquidation preference Shares authorized: 20,750,000 Shares issued and outstanding: 50,000	5	5
Common stock, $0.0001 par value Shares authorized: 5,000,000,000 Shares issued and outstanding: 27,411,201	2,741	2,741
Additional paid-in capital	53,516,791	53,503,435
Accumulated deficit	(55,748,953)	(55,657,638)
Total Greystone Stockholders' Deficit	(2,229,416)	(2,151,457)
Non-controlling interests	1,022,920	1,016,127
Total Deficit	(1,206,496)	(1,135,330)
Total Liabilities and Deficit	$ 15,391,012	$ 14,439,741