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Consolidated Balance Sheets - USD ($)
May 31, 2019
May 31, 2018
Current Assets:    
Cash $ 1,255,408 $ 379,632
Accounts receivable -Trade 6,320,875 4,951,148
Related parties 50,320 60,045
Inventory 2,620,991 3,089,267
Prepaid expenses 239,146 215,617
Total Current Assets 10,486,740 8,695,709
Property, Plant and Equipment, net 32,499,678 25,353,876
Total Assets 42,986,418 34,049,585
Current Liabilities:    
Current portion of long-term debt 3,030,630 2,324,046
Current portion of capital leases 1,516,629 2,160,807
Accounts payable and accrued expenses 6,520,721 4,651,695
Deferred revenue 2,201,067 3,404,334
Accrued expenses - related parties 55,104
Preferred dividends payable 112,192
Total Current Liabilities 13,381,239 12,595,986
Long-Term Debt, net of current portion 19,629,148 16,836,180
Capital Leases, net of current portion 5,238,190 1,733,007
Deferred Tax Liability 926,642 490,965
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 (51,108,677) (52,485,313)
Total Greystone Stockholders' Equity 2,684,928 1,308,292
Non-controlling interest 1,126,271 1,085,155
Total Equity 3,811,199 2,393,447
Total Liabilities and Equity $ 42,986,418 $ 34,049,585