XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
May 31, 2022
May 31, 2021
Current Assets:    
Cash and cash equivalents $ 3,143,257 $ 4,387,533
Trade 6,001,049 4,586,134
Related parties 252,112 153,550
Other 156,162
Inventory 4,112,496 3,441,974
Prepaid expenses 148,078 52,315
Total Current Assets 13,813,154 12,621,506
Property, Plant and Equipment, net 31,876,765 30,998,988
Right-of-use Operating Lease Assets 55,535 109,013
Total Assets 45,745,454 43,729,507
Current Liabilities:    
Current portion of long-term debt 4,160,403 3,236,113
Current portion of financing leases 1,630,895 1,745,535
Current portion of operating leases 33,881 56,443
Accounts payable and accrued expenses 7,820,837 3,754,556
Deferred revenue 5,329,047 6,430,607
Preferred dividends payable 85,377
Total Current Liabilities 19,060,440 15,223,254
Long-Term Debt, net of current portion and debt issue costs 9,306,037 12,971,529
Financing Leases, net of current portion 532,148 1,848,472
Operating Leases, net of current portion 21,654 52,570
Deferred Tax Liability 1,743,694 2,380,642
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, 28,279,701 and 28,361,201 shares issued and outstanding, respectively 2,828 2,836
Additional paid-in capital 53,533,272 53,790,764
Accumulated deficit (39,838,449) (43,776,927)
Total Greystone Stockholders’ Equity 13,697,656 10,016,678
Non-controlling interest 1,383,825 1,236,362
Total Equity 15,081,481 11,253,040
Total Liabilities and Equity $ 45,745,454 $ 43,729,507