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Consolidated Balance Sheets - USD ($)
May 31, 2018
May 31, 2017
Current Assets:    
Cash $ 379,632 $ 579,021
Accounts receivable - Trade, net of allowance for doubtful accounts of $-0- and $31,660, respectively 4,951,148 6,160,145
Related party receivables 60,045 73,578
Inventory 3,089,267 1,587,552
Prepaid expenses 215,617 136,395
Total Current Assets 8,695,709 8,536,691
Property, Plant and Equipment, net 25,353,876 19,706,782
Deferred Tax Asset 281,415
Total Assets 34,049,585 28,524,888
Current Liabilities:    
Current portion of long-term debt 2,324,046 2,493,236
Current portion of capital leases 2,160,807 2,261,560
Accounts payable and accrued expenses 4,651,695 5,727,903
Deferred revenue 3,404,334
Accrued expenses - related parties 55,104 29,076
Preferred dividends payable 29,726
Total Current Liabilities 12,595,986 10,541,501
Long-Term Debt, net of current portion 16,836,180 15,310,754
Capital Leases, net of current portion 1,733,007 1,532,503
Deferred Tax Liability 490,965
Equity:    
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 shares issued and outstanding 2,836 2,836
Additional paid-in capital 53,790,764 53,790,764
Accumulated deficit (52,485,313) (53,724,991)
Total Greystone Stockholders' Equity 1,308,292 68,614
Non-controlling interest 1,085,155 1,071,516
Total Equity 2,393,447 1,140,130
Total Liabilities and Equity $ 34,049,585 $ 28,524,888