XML 21 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
Nov. 30, 2019
May 31, 2019
Current Assets:    
Cash $ 1,580,845 $ 1,255,408
Accounts receivable - Trade 4,391,278 6,320,875
Accounts receivable - Related parties 103,834 50,320
Inventory 3,692,991 2,620,991
Prepaid expenses 99,978 239,146
Total Current Assets 9,868,926 10,486,740
Property, Plant and Equipment, net 32,413,476 32,680,472
Total Assets 42,282,402 43,167,212
Current Liabilities:    
Current portion of long-term debt 3,442,269 3,030,630
Current portion of financing leases 2,111,028 1,516,629
Current portion of operating leases 72,144 58,236
Accounts payable and accrued liabilities 7,442,317 6,520,721
Deferred revenue 1,514,495 2,201,067
Preferred dividends payable 102,637 112,192
Total Current Liabilities 14,684,890 13,439,475
Long-Term Debt, net of current portion 17,905,736 19,629,148
Financing Leases, net of current portion 3,732,262 5,238,190
Operating Leases, net of current portion 146,489 122,558
Deferred Tax Liability 1,246,642 926,642
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 (50,361,999) (51,108,677)
Total Greystone Stockholders' Equity 3,431,606 2,684,928
Non-controlling interest 1,134,777 1,126,271
Total Equity 4,566,383 3,811,199
Total Liabilities and Equity $ 42,282,402 $ 43,167,212