Consolidated Balance Sheets (Unaudited) (USD $)	Nov. 30, 2014	May 31, 2014
Current Assets:
Cash	$ 562,619	$ 661,263
Accounts receivable, Trade, net of allowance of $71,462	716,690	2,023,563
Accounts receivable, Related party	278,532	219,505
Inventory	1,483,303	1,616,165
Deferred tax asset - current	673,500	1,077,000
Prepaid expenses and other	93,996	97,170
Total Current Assets	3,808,640	5,694,666
Property, Plant and Equipment, net	8,693,498	8,776,137
Deferred Tax Asset	1,752,183	1,133,000
Other Assets	144,471	163,188
Total Assets	14,398,792	15,766,991
Current Liabilities:
Current portion of long-term debt	1,923,523	3,979,376
Accounts payable and accrued expenses	936,680	782,591
Accrued interest - related party	1,987,146	1,835,999
Preferred dividends payable	54,315	27,603
Total Current Liabilities	4,901,664	6,625,569
Long-Term Debt, net of current portion	11,340,063	10,524,745
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, 27,161,201 and 26,461,201 shares issued and outstanding	2,716	2,646
Additional paid-in capital	53,446,748	53,336,106
Accumulated deficit	(56,296,826)	(55,715,203)
Total Greystone Stockholders' Deficit	(2,847,357)	(2,376,446)
Non-controlling interests	1,004,422	993,123
Total Deficit	(1,842,935)	(1,383,323)
Total Liabilities and Deficit	$ 14,398,792	$ 15,766,991