VARIABLE INTEREST ENTITIES (VIE)	12 Months Ended
May 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES (VIE)	Note 15. VARIABLE INTEREST ENTITIES (VIE) Greystone Real Estate, L.L.C. GRE is owned by Robert B. Rosene, Jr., a member of the Board of Directors. GRE was created solely to own and lease two buildings that GSM occupies in Bettendorf, Iowa. The buildings, having a carrying value of $2,548,933 and $2,664,805 as of May 31, 2022 and 2021, respectively, serve as collateral for GRE’s debt and Greystone’s debt under the Loan Agreement between Greystone and IBC. The debt had a carrying value of $1,826,361 and $2,049,941 as of May 31, 2022 and 2021, respectively. As further discussed in Note 4, Long-Term Debt, the real estate of GRE was cross collateralized with Greystone’s debt to IBC. Effective July 29, 2022, Greystone and IBC entered into an Amended and Restated Loan Agreement whereby the cross collateralized provision was terminated. In addition, the sole member of GRE made a capital contribution to GRE and the proceeds were used to retire the debt from GRE to IBC. Accordingly, the variable interest relationship between Greystone and GRE terminated effective July 29, 2022.

VARIABLE INTEREST ENTITIES (VIE)

12 Months Ended

May 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Note 15. VARIABLE INTEREST ENTITIES (VIE)

Greystone Real Estate, L.L.C.

GRE is owned by Robert B. Rosene, Jr., a member of the Board of Directors. GRE was created solely to own and lease two buildings that GSM occupies in Bettendorf, Iowa.

The buildings, having a carrying value of $2,548,933 and $2,664,805 as of May 31, 2022 and 2021, respectively, serve as collateral for GRE’s debt and Greystone’s debt under the Loan Agreement between Greystone and IBC. The debt had a carrying value of $1,826,361 and $2,049,941 as of May 31, 2022 and 2021, respectively.

As further discussed in Note 4, Long-Term Debt, the real estate of GRE was cross collateralized with Greystone’s debt to IBC. Effective July 29, 2022, Greystone and IBC entered into an Amended and Restated Loan Agreement whereby the cross collateralized provision was terminated. In addition, the sole member of GRE made a capital contribution to GRE and the proceeds were used to retire the debt from GRE to IBC. Accordingly, the variable interest relationship between Greystone and GRE terminated effective July 29, 2022.