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Consolidated Balance Sheets - USD ($)
Feb. 29, 2020
May 31, 2019
Current Assets:    
Cash $ 1,156,900 $ 1,255,408
Accounts receivable - Trade 5,873,647 6,320,875
Accounts receivable - Related parties 129,334 50,320
Inventory 3,876,099 2,620,991
Prepaid expenses 29,693 239,146
Total Current Assets 11,065,673 10,486,740
Property, Plant and Equipment, net 32,905,722 32,680,472
Total Assets 43,971,395 43,167,212
Current Liabilities:    
Current portion of long-term debt 3,525,314 3,030,630
Current portion of financing leases 2,146,923 1,516,629
Current portion of operating leases 73,078 58,236
Accounts payable and accrued liabilities 5,061,708 6,520,721
Deferred revenue 5,940,593 2,201,067
Preferred dividends payable 99,726 112,192
Total Current Liabilities 16,847,342 13,439,475
Long-Term Debt, net of current portion and debt issue costs 15,097,717 19,629,148
Financing Leases, net of current portion 3,775,920 5,238,190
Operating Leases, net of current portion 126,575 122,558
Deferred Tax Liability 1,733,642 926,642
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 (48,562,194) (51,108,677)
Total Greystone Stockholders' Equity 5,231,411 2,684,928
Non-controlling interest 1,158,788 1,126,271
Total Equity 6,390,199 3,811,199
Total Liabilities and Equity $ 43,971,395 $ 43,167,212