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Consolidated Balance Sheets - USD ($)
Aug. 31, 2019
May 31, 2019
Current Assets:    
Cash $ 1,129,352 $ 1,255,408
Accounts receivable - Trade 4,847,352 6,320,875
Related parties 65,074 50,320
Inventory 4,055,518 2,620,991
Prepaid expenses 25,736 239,146
Total Current Assets 10,123,032 10,486,740
Property, Plant and Equipment, net 32,602,455 32,680,472
Total Assets 42,725,487 43,167,212
Current Liabilities:    
Current portion of long-term debt 3,385,019 3,030,630
Current portion of financing leases 1,952,140 1,516,629
Current portion of operating leases 71,222 58,236
Accounts payable and accrued liabilities 6,247,460 6,520,721
Deferred revenue 2,201,067 2,201,067
Preferred dividends payable 112,363 112,192
Total Current Liabilities 13,969,271 13,439,475
Long-Term Debt, net of current portion 18,830,293 19,629,148
Financing Leases, net of current portion 4,383,502 5,238,190
Operating Leases, net of current portion 164,844 122,558
Deferred Tax Liability 1,111,642 926,642
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 (50,666,427) (51,108,677)
Total Greystone Stockholders' Equity 3,127,178 2,684,928
Non-controlling interest 1,138,757 1,126,271
Total Equity 4,265,935 3,811,199
Total Liabilities and Equity $ 42,725,487 $ 43,167,212