Consolidated Balance Sheets (USD $)	May 31, 2014	May 31, 2013
Current Assets:
Cash	$ 661,263	$ 366,896
Accounts receivable, Trade, net of allowance of $71,462 and $100,000 respectively	2,023,563	2,239,594
Accounts receivable, Related party	219,505	0
Inventory	1,616,165	1,044,379
Deferred tax asset - current	1,077,000	0
Prepaid expenses	97,170	119,198
Total Current Assets	5,694,666	3,770,067
Property, Plant and Equipment, net of accumulated depreciation	8,776,137	7,044,139
Deferred Tax Asset - non-current	1,133,000	1,159,000
Other Assets	163,188	71,371
Total Assets	15,766,991	12,044,577
Current Liabilities:
Current portion of long-term debt	3,979,376	1,344,160
Accounts payable and accrued expenses	782,591	1,643,339
Accrued expenses - related party	1,835,999	1,551,154
Preferred dividends payable	27,603	1,883,959
Total Current Liabilities	6,625,569	6,422,612
Long-Term Debt, net of current portion	10,524,745	9,658,020
Deficit:
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; 26,111,201 shares isssued and outstanding	2,646	2,611
Additional paid-in capital	53,336,106	53,142,717
Accumulated deficit	(55,715,203)	(58,321,266)
Total Greystone Stockholders' Deficit	(2,376,446)	(5,175,933)
Non-controlling interest	993,123	1,139,878
Total Deficit	(1,383,323)	(4,036,055)
Total Liabilities and Deficit	$ 15,766,991	$ 12,044,577