10-K
Annual Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
41 line items · 2 periods
XBRL
| Item | May 31, 2026 | May 31, 2025 |
|---|---|---|
Current Assets: | ||
Cash | 511,915 | 1,545,035 |
Related Party | 1,029,462 | 890,883 |
Nonrelated Party | 1,968,201 | 4,359,815 |
Inventory | 2,687,737 | 3,484,038 |
Prepaid expenses | 557,780 | 556,912 |
Total Current Assets | 6,755,095 | 10,836,683 |
Property, Plant and Equipment, net | 25,842,759 | 30,044,886 |
Machinery and Equipment | 268,914 | — |
Right-to-use Assets | 4,763,629 | 5,091,348 |
Total Assets | 37,361,483 | 45,972,917 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 2,273,620 | 4,023,920 |
Current portion of revolving loan | 2,200,000 | 0 |
Current portion of long-term debt | 9,794,589 | 2,249,524 |
Current portion of financing leases | 0 | 4,457 |
Non-cancellable Leases | 0 | 4,457 |
Current portion of operating leases | 323,977 | 303,815 |
Deferred revenue | 22,964 | 22,964 |
Preferred dividends payable | 0 | 1,610 |
Total Current Liabilities | 14,615,150 | 6,606,290 |
Long-Term Debt, net of current portion and debt issuance costs | 0 | 8,833,483 |
Finance Obligation | 1,670,424 | 0 |
Non-cancellable Leases | 0 | 0 |
Operating Leases, net of current portion | 4,540,509 | 4,864,486 |
Deferred Tax Liability | 5,017,814 | 5,792,349 |
Total Liabilities | 25,843,897 | 26,096,608 |
Equity: | ||
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- shares issued and outstanding in 2026 and 2025; liquidation preference of $0 in 2026 and 2025 | 0 | 0 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,270,701 and 27,879,701 shares issued in 2026 and 2025; 27,270,701 and 27,360,577 shares outstanding in 2026 and 2025 | 2,727 | 2,788 |
Treasury Stock, at cost, 0 and 519,124 shares at 2026 and 2025 | 0 | 606,737 |
Additional paid-in capital | 47,383,494 | 48,113,317 |
Accumulated deficit | (35,868,635) | (27,633,059) |
Approximately | (35,829,000) | — |
Total Equity | 11,517,586 | 19,876,309 |
Retained Earnings | (35,868,635) | (27,633,059) |
Additional Paid-in Capital | 47,383,494 | 48,113,317 |
Treasury Stock, Common | 0 | (606,737) |
Common Stock | 2,727 | 2,788 |
Preferred Stock | 0 | 0 |
Total Liabilities and Equity | 37,361,483 | 45,972,917 |