Consolidated Balance Sheets (Unaudited) - USD ($)	Feb. 29, 2016	May. 31, 2015
Current Assets:
Cash	$ 508,243	$ 598,887
Accounts receivable - Trade, net of allowance for doubtful accounts of $13,260	1,535,513	1,453,416
Accounts receivable - Related party receivable	93,582	519,659
Inventory	3,792,011	1,429,344
Deferred tax asset - current	1,232,881	1,222,110
Prepaid expenses	102,234	20,249
Total Current Assets	7,264,464	5,243,665
Property and Equipment, net of accumulated depreciation	12,016,092	8,509,315
Deferred Tax Asset	585,456	557,127
Other Assets	112,403	129,634
Total Assets	19,978,415	14,439,741
Current Liabilities:
Current portion of long-term debt	4,247,218	2,278,164
Accounts payable and accrued expenses	3,417,702	798,470
Accrued interest - related party	2,389,741	2,143,275
Preferred dividends payable	53,425	54,315
Total Current Liabilities	10,108,086	5,274,224
Long-Term Debt, net of current portion	11,200,604	10,300,847
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, 27,886,201 and 27,411,201 shares issued and outstanding	2,789	2,741
Additional paid-in capital	53,600,456	53,503,435
Accumulated deficit	(55,971,901)	(55,657,638)
Total Greystone Stockholders' Deficit	(2,368,651)	(2,151,457)
Non-controlling interest	1,038,376	1,016,127
Total Deficit	(1,330,275)	(1,135,330)
Total Liabilities and Deficit	$ 19,978,415	$ 14,439,741