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Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2022
May 31, 2021
Current Assets:    
Cash $ 7,982,172 $ 4,387,533
Trade 5,585,604 4,586,134
Related parties 112,174 153,550
Inventory 4,288,015 3,441,974
Prepaid expenses 629,612 52,315
Total Current Assets 18,597,577 12,621,506
Property, Plant and Equipment, net 32,099,676 30,998,988
Right-of-Use Operating Lease Assets 62,242 109,013
Total Assets 50,759,495 43,729,507
Current Liabilities:    
Current portion of long-term debt 2,818,321 3,236,113
Current portion of financing leases 1,592,166 1,745,535
Current portion of operating leases 33,881 56,443
Accounts payable and accrued liabilities 7,759,480 3,754,556
Deferred revenue 10,218,357 6,430,607
Preferred dividends payable 80,137
Total Current Liabilities 22,502,342 15,223,254
Long-Term Debt, net of current portion and debt issue costs 11,396,240 12,971,529
Financing Leases, net of current portion 777,911 1,848,472
Operating Leases, net of current portion 28,361 52,570
Deferred Tax Liability 1,938,166 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, 28,279,701 and 28,361,201 shares issued and outstanding, respectively 2,828 2,836
Additional paid-in capital 53,533,272 53,790,764
Accumulated deficit (40,732,392) (43,776,927)
Total Greystone Stockholders’ Equity 12,803,713 10,016,678
Non-controlling interest 1,312,762 1,236,362
Total Equity 14,116,475 11,253,040
Total Liabilities and Equity $ 50,759,495 $ 43,729,507