Consolidated Balance Sheets (Unaudited) - USD ($)	Nov. 30, 2016	May 31, 2016
Current Assets:
Cash	$ 669,668	$ 897,377
Accounts receivable - Trade, net of allowance for doubtful accounts of $31,660 and $13,260, respectively	1,050,445	3,536,574
Accounts receivable - Related party receivable	172,255	150,113
Inventory	1,295,542	1,304,495
Prepaid expenses	227,990	70,058
Total Current Assets	3,415,900	5,958,617
Property and Equipment, net of accumulated depreciation	18,923,322	12,565,319
Deferred Tax Asset	1,229,132	1,283,682
Other Assets	16,147	23,405
Total Assets	23,584,501	19,831,023
Current Liabilities:
Current portion of long-term debt	4,340,096	2,088,327
Accounts payable and accrued expenses	2,881,459	2,642,112
Accrued interest payable - related party		2,475,690
Preferred dividends payable	56,404	60,005
Total Current Liabilities	7,277,959	7,266,134
Long-Term Debt, net of current portion	16,912,667	13,289,236
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, 28,361,201 and 27,886,201 shares issued and outstanding	2,836	2,789
Additional paid-in capital	53,790,764	53,613,811
Accumulated deficit	(55,462,242)	(55,385,912)
Total Greystone Stockholders' Deficit	(1,668,637)	(1,769,307)
Non-controlling interest	1,062,512	1,044,960
Total Deficit	(606,125)	(724,347)
Total Liabilities and Deficit	$ 23,584,501	$ 19,831,023