Consolidated Balance Sheets (Unaudited) (USD $)	Aug. 31, 2014	May 31, 2014
Current Assets:
Cash	$ 853,633	$ 661,263
Accounts receivable, Trade, net of allowance of $71,462	1,056,859	2,023,563
Accounts receivable, Related party	260,109	219,505
Inventory	2,022,118	1,616,165
Deferred tax asset - current	1,188,000	1,077,000
Prepaid expenses and other	29,640	97,170
Total Current Assets	5,410,359	5,694,666
Property, Plant and Equipment	18,421,098	17,903,098
Less: Accumulated Depreciation	(9,460,936)	(9,126,961)
Property, Plant and Equipment, net	8,960,162	8,776,137
Deferred Tax Asset	869,300	1,133,000
Other Assets	153,830	163,188
Total Assets	15,393,651	15,766,991
Current Liabilities:
Current portion of long-term debt	4,140,408	3,979,376
Accounts payable and accrued expenses	776,433	782,591
Accounts payable and accrued expenses - related parties	1,911,266	1,835,999
Preferred dividends payable	55,206	27,603
Total Current Liabilities	6,883,313	6,625,569
Long-Term Debt, net of current portion	9,660,550	10,524,745
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: 26,461,201	2,646	2,646
Additional paid-in capital	53,349,462	53,336,106
Accumulated deficit	(55,500,705)	(55,715,203)
Total Greystone Stockholders' Deficit	(2,148,592)	(2,376,446)
Non-controlling interests	998,380	993,123
Total Deficit	(1,150,212)	(1,383,323)
Total Liabilities and Deficit	$ 15,393,651	$ 15,766,991