10-K
Annual Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
40 line items · 2 periods
XBRL
| Item | May 31, 2025 | May 31, 2024 |
|---|---|---|
Current Assets: | ||
Cash | 1,545,035 | 5,798,641 |
Related Party | 890,883 | 265,570 |
Nonrelated Party | 4,359,815 | 4,158,381 |
Other | 0 | 2,107,108 |
Inventory | 3,484,038 | 3,871,626 |
Prepaid expenses | 556,912 | 585,423 |
Total Current Assets | 10,836,683 | 16,786,749 |
Property, Plant and Equipment, net | 30,044,886 | 30,066,119 |
Machinery and Equipment | 39,925 | 812,532 |
Right-to-use Assets | 5,091,348 | 5,403,441 |
Total Assets | 45,972,917 | 52,256,309 |
Current Liabilities: | ||
Current portion of long-term debt | 2,249,524 | 2,362,212 |
Current portion of financing leases | 4,457 | 19,171 |
Non-cancellable Leases | 4,457 | 19,171 |
Current portion of operating leases | 303,815 | 286,221 |
Accounts payable and accrued expenses | 4,023,920 | 3,670,332 |
Deferred revenue | 22,964 | 840,945 |
Preferred dividends payable | 1,610 | 0 |
Total Current Liabilities | 6,606,290 | 7,178,881 |
Long-Term Debt, net of current portion and debt issuance costs | 8,833,483 | 11,080,736 |
Financing Leases, net of current portion | 0 | 3,972 |
Non-cancellable Leases | 0 | 3,972 |
Operating Leases, net of current portion | 4,864,486 | 5,167,013 |
Deferred Tax Liability | 5,792,349 | 4,844,958 |
Total Liabilities | 26,096,608 | 28,275,560 |
Equity: | ||
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- and 50,000 shares issued and outstanding in 2025 and 2024; liquidation preference of $0 and $5,000,000 in 2025 and 2024 | 0 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,879,701 and 28,279,701 shares issued 2025 and 2024; 27,360,577 and 28,279,701 shares outstanding in 2025 and 2024 | 2,788 | 2,828 |
Treasury Stock, at cost, 519,124 shares | 606,737 | 0 |
Additional paid-in capital | 48,113,317 | 53,533,272 |
Accumulated deficit | (27,633,059) | (29,555,356) |
Total Equity | 19,876,309 | 23,980,749 |
Retained Earnings | (27,633,059) | (29,555,356) |
Additional Paid-in Capital | 48,113,317 | 53,533,272 |
Treasury Stock, Common | (606,737) | 0 |
Common Stock | 2,788 | 2,828 |
Preferred Stock | 0 | 5 |
Total Liabilities and Equity | 45,972,917 | 52,256,309 |