Consolidated Balance Sheet (Unaudited) - USD ($)	Aug. 31, 2016	May 31, 2016
Current Assets:
Cash	$ 685,158	$ 897,377
Accounts receivable - Trade, net of allowance for doubtful accounts of $31,860 and $13,260, respectively	2,599,299	3,536,574
Accounts receivable - Related party	135,621	150,113
Inventory	1,318,498	1,304,495
Prepaid expenses and other	18,123	70,058
Total Current Assets	4,756,699	5,958,617
Property, Plant and Equipment	27,226,729	23,646,515
Less: Accumulated Depreciation	(11,599,772)	(11,081,196)
Property, Plant and Equipment, net	15,626,957	12,565,319
Deferred Tax Asset	1,302,532	1,283,682
Other Assets	20,452	23,405
Total Assets	21,706,640	19,831,023
Current Liabilities:
Current portion of long-term debt and capital lease	3,201,905	2,088,327
Accounts payable and accrued expenses	2,359,544	2,642,112
Accrued interest - related party	45,298	2,475,690
Preferred dividends payable	57,329	60,005
Total Current Liabilities	5,664,076	7,266,134
Long-Term Debt and Capital Lease, net of current portion	16,818,973	13,289,236
Deficit:
Preferred stock, $0.0001 par value; 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 - 28,361,201 and 27,886,201, respectively	2,836	2,789
Additional paid-in capital	53,670,764	53,613,811
Accumulated deficit	(55,503,353)	(55,385,912)
Total Greystone Stockholders' Deficit	(1,829,748)	(1,769,307)
Non-controlling interest	1,053,339	1,044,960
Total Deficit	(776,409)	(724,347)
Total Liabilities and Deficit	$ 21,706,640	$ 19,831,023

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.