Consolidated Balance Sheets (Unaudited) (USD $)	Aug. 31, 2013	May 31, 2013
Current Assets:
Cash	$ 717,879	$ 366,896
Accounts receivable, net of allowance of $100,000	2,312,881	2,239,594
Inventory	1,257,008	1,044,379
Prepaid expenses and other	220,942	119,198
Total Current Assets	4,508,710	3,770,067
Property, Plant and Equipment	16,200,616	15,754,959
Less: Accumulated Depreciation	(8,979,523)	(8,710,820)
Property, Plant and Equipment, net	7,221,093	7,044,139
Deferred Tax Asset	1,412,000	1,159,000
Other Assets	66,275	71,371
Total Assets	13,208,078	12,044,577
Current Liabilities:
Current portion of long-term debt	1,347,424	1,344,160
Accounts payable and accrued expenses	1,603,309	1,643,339
Accounts payable and accrued expenses - related parties	1,620,926	1,551,154
Preferred dividends payable	1,826,486	1,883,959
Total Current Liabilities	6,398,145	6,422,612
Long-Term Debt, net of current portion	9,329,672	9,658,020
Deficit:
Preferred stock, $0.0001 par value, $5,000,000 liquidation preference; Shares authorized: 20,750,000; Shares issued and outstanding: 50,000	5	5
Common stock, $0.0001 par value; Shares authorized: 5,000,000,000; Shares issued and outstanding: 26,111,201	2,611	2,611
Additional paid-in capital	53,156,073	53,142,717
Accumulated deficit	(56,872,614)	(58,321,266)
Total Greystone Stockholders' Deficit	(3,713,925)	(5,175,933)
Non-controlling interests	1,194,186	1,139,878
Total Deficit	(2,519,739)	(4,036,055)
Total Liabilities and Deficit	$ 13,208,078	$ 12,044,577