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Consolidated Balance Sheets - USD ($)
May 31, 2020
May 31, 2019
Current Assets:    
Cash $ 1,131,850 $ 1,255,408
Accounts receivable - Trade 6,670,771 6,320,875
Accounts receivable - Related parties 94,351 50,320
Inventory 4,229,895 2,620,991
Prepaid expenses 7,488 239,146
Total Current Assets 12,134,355 10,486,740
Property, Plant and Equipment, net 34,142,407 32,499,678
Right-of-use Operating Lease Assets 181,525 180,794
Total Assets 46,458,287 43,167,212
Current Liabilities:    
Current portion of long-term debt 4,416,377 3,030,630
Current portion of financing leases 1,838,251 1,516,629
Current portion of operating leases 74,024 71,763
Accounts payable and accrued expenses 4,929,234 6,520,721
Deferred revenue 3,793,167 2,201,067
Preferred dividends payable 84,110 112,192
Total Current Liabilities 15,135,163 13,453,002
Long-Term Debt, net of current portion and debt issue costs 18,329,633 19,629,148
Financing Leases, net of current portion 3,617,405 5,238,190
Operating Leases, net of current portion 107,501 109,031
Deferred Tax Liability 1,109,052 926,642
Equity:    
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, 28,361,201 shares issued and outstanding 2,836 2,836
Additional paid-in capital 53,790,764 53,790,764
Accumulated deficit (46,807,092) (51,108,677)
Total Greystone Stockholders' Equity 6,986,513 2,684,928
Non-controlling interest 1,173,020 1,126,271
Total Equity 8,159,533 3,811,199
Total Liabilities and Equity $ 46,458,287 $ 43,167,212