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Consolidated Balance Sheets (Unaudited) - USD ($)
Aug. 31, 2022
May 31, 2022
Current Assets:    
Cash $ 2,934,898 $ 3,143,257
Trade 4,730,076 6,001,049
Related parties 213,431 252,112
Other 156,162
Inventory 6,336,813 4,112,496
Prepaid expenses 71,415 148,078
Total Current Assets 14,286,633 13,813,154
Property, Plant and Equipment, net 29,397,701 31,876,765
Right-of-Use Operating Lease Assets 5,520,333 55,535
Total Assets 49,204,667 45,745,454
Current Liabilities:    
Current portion of long-term debt 2,604,380 4,160,403
Current portion of financing leases 1,492,365 1,630,895
Current portion of operating leases 244,584 33,881
Accounts payable and accrued liabilities 8,242,556 7,820,837
Deferred revenue 313,527 5,329,047
Preferred dividends payable 109,418 85,377
Total Current Liabilities 13,006,830 19,060,440
Long-Term Debt, net of current portion and debt issuance costs 13,949,456 9,306,037
Financing Leases, net of current portion 251,558 532,148
Operating Leases, net of current portion 5,275,749 21,654
Deferred Tax Liability 1,808,694 1,743,694
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 shares issued and outstanding, respectively 2,828 2,828
Additional paid-in capital 53,533,272 53,533,272
Accumulated deficit (38,623,725) (39,838,449)
Total Greystone Stockholders’ Equity 14,912,380 13,697,656
Non-controlling interest 1,383,825
Total Equity 14,912,380 15,081,481
Total Liabilities and Equity $ 49,204,667 $ 45,745,454