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Consolidated Balance Sheets (Unaudited) - USD ($)
Aug. 31, 2021
May 31, 2021
Current Assets:    
Cash $ 2,888,365 $ 4,387,533
Trade 5,170,566 4,586,134
Related parties 114,567 153,550
Inventory 3,119,395 3,441,974
Prepaid expenses 65,192 52,315
Total Current Assets 11,358,085 12,621,506
Property, Plant and Equipment, net 30,652,779 30,998,988
Right-of-Use Operating Lease Assets 90,885 109,013
Total Assets 42,101,749 43,729,507
Current Liabilities:    
Current portion of long-term debt 3,096,943 3,236,113
Current portion of financing leases 1,683,046 1,745,535
Current portion of operating leases 45,677 56,443
Accounts payable and accrued liabilities 4,451,990 3,754,556
Deferred revenue 5,306,382 6,430,607
Preferred dividends payable 81,918
Total Current Liabilities 14,665,956 15,223,254
Long-Term Debt, net of current portion and debt issuance costs 9,229,806 12,971,529
Financing Leases, net of current portion 1,521,757 1,848,472
Operating Leases, net of current portion 45,208 52,570
Deferred Tax Liability 2,373,642 2,380,642
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, 28,561,201 and 28,361,201 shares issued and outstanding, respectively 2,856 2,836
Additional paid-in capital 53,814,744 53,790,764
Accumulated deficit (40,806,006) (43,776,927)
Total Greystone Stockholders’ Equity 13,011,599 10,016,678
Non-controlling interest 1,253,781 1,236,362
Total Equity 14,265,380 11,253,040
Total Liabilities and Equity $ 42,101,749 $ 43,729,507