Form 10 Explorer
10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.

CIK: 1088413

File #: 000-26331

Period End: Nov 30, 2024

Fiscal Year: 2024

View on EDGAR
Balance Sheet
89 line items · 2 periods
XBRL
ItemNov 30, 2024May 31, 2024
Current Assets:
Cash
4,891,3045,798,641
Related Party
623,838265,570
Nonrelated Party
3,455,0304,158,381
Other
02,107,108
Inventory
3,504,5203,871,626
Prepaid expenses
1,154,397585,423
Total Current Assets
13,629,08916,786,749
Property, Plant and Equipment, net
31,689,43730,066,119
Right-to-use Assets
5,249,6785,403,441
Current Liabilities:
50,568,20452,256,309
Current portion of long-term debt
2,245,1852,362,212
Current portion of financing leases
10,13319,171
Non-cancellable Leases
10,13319,171
Current portion of operating leases
294,219286,221
Accounts payable
2,808,4992,633,572
Accrued expenses
1,214,3831,036,760
Deferred revenue
22,964840,945
Preferred dividends payable
47,0210
Total Current Liabilities
6,642,4047,178,881
Long-Term Debt, net of current portion and debt issuance costs
10,024,43611,080,736
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000
55
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively
2,8282,828
Additional paid-in capital
53,533,27253,533,272
Accumulated deficit
(29,713,281)(29,555,356)
Total Equity
23,822,82423,980,749
Total Liabilities and Equity
50,568,20452,256,309
Financing Leases, net of current portion
9993,972
Non-cancellable Leases
9993,972
Operating Leases, net of current portion
5,018,8335,167,013
Deferred Tax Liability
5,058,7084,844,958
Cash
4,891,3045,798,641
Related Party
623,838265,570
Nonrelated Party
3,455,0304,158,381
Other
02,107,108
Inventory
3,504,5203,871,626
Prepaid expenses
1,154,397585,423
Total Current Assets
13,629,08916,786,749
Property, Plant and Equipment, net
31,689,43730,066,119
Right-to-use Assets
5,249,6785,403,441
Current Liabilities:
50,568,20452,256,309
Current portion of long-term debt
2,245,1852,362,212
Current portion of financing leases
10,13319,171
Non-cancellable Leases
10,13319,171
Current portion of operating leases
294,219286,221
Accounts payable
2,808,4992,633,572
Accrued expenses
1,214,3831,036,760
Deferred revenue
22,964840,945
Preferred dividends payable
47,0210
Total Current Liabilities
6,642,4047,178,881
Long-Term Debt, net of current portion and debt issuance costs
10,024,43611,080,736
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000
55
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively
2,8282,828
Additional paid-in capital
53,533,27253,533,272
Accumulated deficit
(29,713,281)(29,555,356)
Total Equity
23,822,82423,980,749
Total Liabilities and Equity
50,568,20452,256,309
Financing Leases, net of current portion
9993,972
Non-cancellable Leases
9993,972
Operating Leases, net of current portion
5,018,8335,167,013
Deferred Tax Liability
5,058,7084,844,958
Current Liabilities:
50,568,20452,256,309
Current portion of long-term debt
2,245,1852,362,212
Current portion of financing leases
10,13319,171
Non-cancellable Leases
10,13319,171
Current portion of operating leases
294,219286,221
Accounts payable
2,808,4992,633,572
Accrued expenses
1,214,3831,036,760
Deferred revenue
22,964840,945
Preferred dividends payable
47,0210
Total Current Liabilities
6,642,4047,178,881
Long-Term Debt, net of current portion and debt issuance costs
10,024,43611,080,736
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000
55
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively
2,8282,828
Additional paid-in capital
53,533,27253,533,272
Accumulated deficit
(29,713,281)(29,555,356)
Total Equity
23,822,82423,980,749
Total Liabilities and Equity
50,568,20452,256,309
Financing Leases, net of current portion
9993,972
Non-cancellable Leases
9993,972
Operating Leases, net of current portion
5,018,8335,167,013
Deferred Tax Liability
5,058,7084,844,958
Long-Term Debt, net of current portion and debt issuance costs
10,024,43611,080,736
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000
55
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively
2,8282,828
Additional paid-in capital
53,533,27253,533,272
Accumulated deficit
(29,713,281)(29,555,356)
Total Equity
23,822,82423,980,749
Total Liabilities and Equity
50,568,20452,256,309