10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
32 line items · 2 periods
XBRL
| Item | Feb 28, 2025 | May 31, 2024 |
|---|---|---|
Cash | 3,797,046 | 5,798,641 |
Related Party | 802,993 | 265,570 |
Nonrelated Party | 5,189,812 | 4,158,381 |
Other | 0 | 2,107,108 |
Inventory | 3,189,712 | 3,871,626 |
Prepaid expenses | 932,328 | 585,423 |
Total Current Assets | 13,911,891 | 16,786,749 |
Property, Plant and Equipment, net | 30,630,012 | 30,066,119 |
Machinery and Equipment | 458,785 | — |
Right-to-use Assets | 5,171,093 | 5,403,441 |
Total Assets | 49,712,996 | 52,256,309 |
Current portion of long-term debt | 2,152,893 | 2,362,212 |
Current portion of financing leases | 7,704 | 19,171 |
Non-cancellable Leases | 7,704 | 19,171 |
Current portion of operating leases | 298,978 | 286,221 |
Accounts payable | 4,455,059 | 2,633,572 |
Accrued expenses | 1,347,243 | 1,036,760 |
Deferred revenue | 22,964 | 840,945 |
Preferred dividends payable | 25,525 | 0 |
Total Current Liabilities | 8,310,366 | 7,178,881 |
Long-Term Debt, net of current portion | 9,499,020 | 11,080,736 |
Financing Leases, net of current portion | 0 | 3,972 |
Non-cancellable Leases | 0 | 3,972 |
Operating Leases, net of current portion | 4,942,280 | 5,167,013 |
Deferred Tax Liability | 4,934,674 | 4,844,958 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, issued and outstanding 2025 - 29,000 shares, 2024 - 50,000 shares liquidation preference of $2,900,000 | 3 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, issued and oustanding 2025 - 27,759,709 shares, 2024 - 28,279,701 shares | 2,828 | 2,828 |
Treasury Stock, at cost, 519,992 shares | 546,035 | 0 |
Additional paid-in capital | 51,433,274 | 53,533,272 |
Accumulated deficit | (28,863,414) | (29,555,356) |
Total Equity | 22,026,656 | 23,980,749 |
Total Liabilities and Equity | 49,712,996 | 52,256,309 |