XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Feb. 28, 2023
May 31, 2022
Current Assets:    
Cash $ 876,626 $ 3,143,257
Trade 5,066,680 6,001,049
Related parties 120,834 252,112
Inventory 4,827,079 4,112,496
Prepaid expenses 644,384 304,240
Total Current Assets 11,535,603 13,813,154
Property, Plant and Equipment, net 28,519,162 31,876,765
Right-of-Use Operating Lease Assets 5,402,769 55,535
Total Assets 45,457,534 45,745,454
Current Liabilities:    
Current portion of long-term debt 2,217,304 4,160,403
Current portion of financing leases 41,487 1,630,895
Current portion of operating leases 243,951 33,881
Accounts payable and accrued liabilities 4,881,056 7,820,837
Deferred revenue 23,007 5,329,047
Preferred dividends payable 132,500 85,377
Total Current Liabilities 7,539,305 19,060,440
Long-Term Debt, net of current portion and debt issue costs 12,523,087 9,306,037
Financing Leases, net of current portion 27,850 532,148
Operating Leases, net of current portion 5,158,818 21,654
Deferred Tax Liability 2,039,694 1,743,694
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 shares issued and outstanding 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (35,367,325) (39,838,449)
Total Greystone Stockholders’ Equity 18,168,780 13,697,656
Non-controlling interest 1,383,825
Total Equity 18,168,780 15,081,481
Total Liabilities and Equity $ 45,457,534 $ 45,745,454