Consolidated Balance Sheets - USD ($)	May 31, 2016	May 31, 2015
Current Assets:
Cash	$ 897,377	$ 598,887
Accounts receivable - Trade, net of allowance for doubtful accounts of $13,260	3,536,574	1,453,416
Accounts receivable - Related party receivables	150,113	519,659
Inventory	1,304,495	1,429,344
Prepaid expenses	70,058	20,249
Total Current Assets	5,958,617	4,021,555
Property, Plant and Equipment, net of accumulated depreciation	12,565,319	8,509,315
Deferred Tax Asset	1,283,682	1,779,237
Other Assets	92,590	129,634
Total Assets	19,900,208	14,439,741
Current Liabilities:
Current portion of long-term debt	2,088,327	2,278,164
Accounts payable and accrued expenses	2,642,112	798,470
Accrued expenses - related parties	2,475,690	2,143,275
Preferred dividends payable	60,005	54,315
Total Current Liabilities	7,266,134	5,274,224
Long-Term Debt, net of current portion	13,358,421	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, respectively	2,789	2,741
Additional paid-in capital	53,613,811	53,503,435
Accumulated deficit	(55,385,912)	(55,657,638)
Total Greystone Stockholders' Deficit	(1,769,307)	(2,151,457)
Non-controlling interest	1,044,960	1,016,127
Total Deficit	(724,347)	(1,135,330)
Total Liabilities and Deficit	$ 19,900,208	$ 14,439,741