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Consolidated Balance Sheets (Unaudited) - USD ($)
Nov. 30, 2020
May 31, 2020
Current Assets:    
Cash $ 752,252 $ 1,131,850
Accounts receivable - Trade 4,086,279 6,670,771
Accounts receivable - Related parties 137,460 94,351
Inventory 3,229,886 4,229,895
Prepaid expenses 76,549 7,488
Total Current Assets 8,282,426 12,134,355
Property, Plant and Equipment, net 32,428,271 34,142,407
Right-of-Use Operating Lease Assets 145,269 181,525
Total Assets 40,855,966 46,458,287
Current Liabilities:    
Current portion of long-term debt 5,195,878 4,416,377
Current portion of financing leases 1,920,854 1,838,251
Current portion of operating leases 76,052 74,024
Accounts payable and accrued liabilities 3,699,423 4,929,234
Deferred revenue 1,403,007 3,793,167
Preferred dividends payable 81,918 84,110
Total Current Liabilities 12,377,132 15,135,163
Long-Term Debt, net of current portion and debt issue costs 13,886,814 18,329,633
Financing Leases, net of current portion 2,579,223 3,617,405
Operating Leases, net of current portion 69,217 107,501
Deferred Tax Liability 2,020,052 1,109,052
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 (45,073,711) (46,807,092)
Total Greystone Stockholders' Equity 8,719,894 6,986,513
Non-controlling interest 1,203,634 1,173,020
Total Equity 9,923,528 8,159,533
Total Liabilities and Equity $ 40,855,966 $ 46,458,287