Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.Financial_Report.xls
10-Q - FORM 10-Q - GREYSTONE LOGISTICS, INC.form10q_17314.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R1.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R5.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R8.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R7.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R3.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R4.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R6.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R12.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R11.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R10.htm
EX-31.2 - 302 CERTIFICATION OF THE C.F.O. - GREYSTONE LOGISTICS, INC.ex31-2_17314.htm
EX-32.2 - 906 CERTIFICATION OF THE C.F.O. - GREYSTONE LOGISTICS, INC.ex32-2_17314.htm
EX-31.1 - 302 CERTIFICATION OF THE PRESIDENT - GREYSTONE LOGISTICS, INC.ex31-1_17314.htm
EX-32.1 - 906 CERTIFICATION OF THE PRESIDENT - GREYSTONE LOGISTICS, INC.ex32-1_17314.htm
XML - IDEA: XBRL DOCUMENT - GREYSTONE LOGISTICS, INC.R9.htm
v2.4.0.6
Consolidated Balance Sheets (Unaudited) (USD $)
Feb. 29, 2012
May 31, 2011
Current Assets:    
Cash $ 288,537 $ 169,420
Accounts receivable - Trade 1,830,805 1,769,387
Accounts receivable - Related party 884,986 652,402
Inventory 1,882,660 543,557
Prepaid expenses and other 153,984 70,990
Total Current Assets 5,040,972 3,205,756
Property, Plant and Equipment 14,898,812 13,900,575
Less: Accumulated Depreciation (7,041,313) (6,186,967)
Property, Plant and Equipment, net 7,857,499 7,713,608
Other Assets 91,354 100,693
Total Assets 12,989,825 11,020,057
Current Liabilities:    
Current portion of long-term debt 1,329,410 3,937,581
Advances payable - Related party 631,580 725,080
Current portion of variable interest entities’ long-term debt 0 135,173
Preferred dividends payable 2,842,190 0
Accounts payable and accrued expenses 3,160,745 1,927,162
Accounts payable and accrued expenses - Related parties 1,885,872 1,621,838
Total Current Liabilities 9,849,797 8,346,834
Long-Term Debt, net of current portion 11,079,537 8,811,243
Long-Term Debt of Variable Interest Entity, net of current portion 0 3,566,971
Deficit:    
Preferred stock 5 0
Common stock 2,611 2,611
Additional paid-in capital 53,089,293 48,089,298
Accumulated deficit (62,031,414) (62,297,986)
Total Greystone Stockholders’ Deficit (8,939,510) (14,206,077)
Noncontrolling interests 999,996 4,501,086
Total Deficit (7,939,514) (9,704,991)
Total Liabilities and Deficit $ 12,989,820 $ 11,020,057