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Consolidated Statements of Changes in Deficit (USD $)
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total Greystone Stockholders’ Deficit
Variable Interest Entities
Balances, May 31, 2012 at May. 31, 2010 $ (7,681,536) $ 5 $ 2,611 $ 53,017,317 $ (61,527,891) $ (8,507,958) $ 826,422
Balances, May 31, 2012 (in shares) at May. 31, 2010   50,000 26,111,201        
Adjustment for consolidating variable interest entities (1,541,483) (5)   (4,999,995)   (5,000,000) 3,458,517
Capital contributions 293,256           293,256
Stock based compensation 71,976     71,976   71,976  
Net Income (Loss) (847,204)       (770,095) (770,095) (77,109)
Balances, May 31, 2011 at May. 31, 2011 (9,704,991)   2,611 48,089,298 (62,297,986) (14,206,077) 4,501,086
Balances, May 31, 2011 (in shares) at May. 31, 2011     26,111,201        
Capital contributions 75,000           75,000
Cash distributions (63,672)           (63,672)
Preferred dividends (242,192)       (242,192) (242,192)  
Net Income (Loss) 2,491,650       2,345,460 2,345,460 146,190
Adjustment for deconsolidating variable interest entities 990,376 5   4,999,995 (391,425) 4,608,575 (3,618,199)
Balances, May 31, 2011 at May. 31, 2012 $ (6,453,829) $ 5 $ 2,611 $ 53,089,293 $ (60,586,143) $ (7,494,234) $ 1,040,405
Balances, May 31, 2011 (in shares) at May. 31, 2012   50,000 26,111,201