10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
38 line items · 2 periods
XBRL
| Item | Feb 28, 2026 | May 31, 2025 |
|---|---|---|
Current Assets: | ||
Cash | 216,600 | 1,545,035 |
Related Party | 763,297 | 928,203 |
Nonrelated Party | 2,088,473 | 4,322,495 |
Inventory | 2,763,956 | 3,484,038 |
Prepaid expenses | 997,030 | 556,912 |
Total Current Assets | 6,829,356 | 10,836,683 |
Property, Plant and Equipment, net | 27,200,432 | 30,044,886 |
Machinery and Equipment | 39,010 | — |
Right-to-use Assets | 4,844,955 | 5,091,348 |
Total Assets | 38,874,743 | 45,972,917 |
Current Liabilities: | ||
Current portion of revolver loan | 1,900,000 | 0 |
Current portion of long-term debt | 9,800,695 | 2,249,524 |
Current portion of financing leases | 0 | 4,457 |
Non-cancellable Leases | 0 | 4,457 |
Current portion of operating leases | 318,811 | 303,815 |
Accounts payable and accrued expenses | 2,941,663 | 4,023,920 |
Deferred revenue | 22,964 | 22,964 |
Preferred dividends payable | 0 | 1,610 |
Total Current Liabilities | 14,984,133 | 6,606,290 |
Long-Term Debt, net of current portion and debt issuance costs | 0 | 8,833,483 |
Operating Leases, net of current portion | 4,623,466 | 4,864,486 |
Deferred Tax Liability | 5,479,177 | 5,792,349 |
Total Liabilities | 25,086,776 | 26,096,608 |
Equity: | ||
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- shares issued and outstanding | 0 | 0 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,879,701 shares issued; 27,270,701 and 27,360,577 shares outstanding in February 28, 2026 and May 31, 2025, respectively | 2,788 | 2,788 |
Treasury Stock, at cost, 609,000 and 519,124 shares at February 28, 2026 and May 31, 2025, respectively | 729,884 | 606,737 |
Additional paid-in capital | 48,113,317 | 48,113,317 |
Accumulated deficit | (33,598,254) | (27,633,059) |
Total Equity | 13,787,967 | 19,876,309 |
Retained Earnings | (33,598,254) | (27,633,059) |
Additional Paid-in Capital | 48,113,317 | 48,113,317 |
Treasury Stock, Common | (729,884) | (606,737) |
Common Stock | 2,788 | 2,788 |
Preferred Stock | 0 | 0 |
Total Liabilities and Equity | 38,874,743 | 45,972,917 |