Earnings Per Share (Tables)

9 Months Ended

Feb. 29, 2016

Income (Loss) Per Share of Common Stock -

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Greystone excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is anti-dilutive, as follows:

	2016		2015
Nine-month periods ended February 29(28):
Options to purchase common stock		675,000		1,150,000
Preferred stock convertible into common stock		3,333,333		3,333,333
Total		4,008,333		4,483,333
Three-month periods ended February 29(28):
Options to purchase common stock		675,000		-
Preferred stock convertible into common stock		3,333,333		3,333,333
Total		4,008,333		3,333,333

Schedule of Computation of Basic and Diluted Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share for the nine-month and three-month periods ended February 29(28), 2016 and 2015:

	2016			2015
Nine-month periods ended February 29(28):
Numerator -
Net loss available to common stockholders	$	(314,263	)	$	(382,764	)
Denominator -
Weighted-average shares outstanding - basic		27,640,033			26,828,417
Incremental shares from assumed conversion of options		-			-
Diluted shares		27,640,033			26,828,417
Loss per share -
Basic and Diluted	$	(0.01	)	$	(0.01	)
Three-month periods ended February 29(28):
Numerator -
Net income (loss) available to common stockholders	$	(200,528	)	$	198,859
Denominator -
Weighted-average shares outstanding - basic		27,866,201			27,309,812
Incremental shares from assumed conversion of options		-			704,839
Diluted shares		27,886,201			28,014,651
Loss per share -
Basic and Diluted	$	(0.01	)	$	0.01