10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Aug 31, 2026 | May 31, 2026 |
|---|---|---|
Current Assets: | ||
Cash | 360,533 | 511,915 |
Related Party | 1,374,933 | 1,029,462 |
Nonrelated Party | 1,926,380 | 1,968,201 |
Inventory | 2,519,945 | 2,687,737 |
Prepaid expenses | 364,760 | 557,780 |
Total Current Assets | 6,546,551 | 6,755,095 |
Property, Plant and Equipment, net | 24,585,692 | 25,842,759 |
Machinery and Equipment | 71,155 | — |
Right-to-use Assets | 4,674,530 | 4,763,629 |
Total Assets | 35,806,773 | 37,361,483 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 2,962,704 | 2,273,620 |
Current portion of revolver loan | 2,200,000 | 2,200,000 |
Current portion of long-term debt | 9,790,703 | 9,794,589 |
Current portion of operating leases | 331,469 | 323,977 |
Deferred revenue | 22,964 | 22,964 |
Total Current Liabilities | 15,307,840 | 14,615,150 |
Finance Obligation | 1,670,424 | 1,670,424 |
Operating Leases, net of current portion | 4,453,964 | 4,540,509 |
Deferred Tax Liability | 5,415,954 | 5,017,814 |
Total Liabilities | 26,848,182 | 25,843,897 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- shares issued and outstanding at August 31, 2026 and May 31, 2026 | 0 | 0 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,270,701 shares issued and outstanding at August 31, 2026 and May 31, 2026 | 2,727 | 2,727 |
Additional paid-in capital | 47,383,494 | 47,383,494 |
Accumulated deficit | (38,427,630) | (35,868,635) |
Approximately | (38,427,630) | — |
Total Equity | 8,958,591 | 11,517,586 |
Retained Earnings | (38,427,630) | (35,868,635) |
Additional Paid-in Capital | 47,383,494 | 47,383,494 |
Treasury Stock, Common | 0 | 0 |
Common Stock | 2,727 | 2,727 |
Preferred Stock | 0 | 0 |
Total Liabilities and Equity | 35,806,773 | 37,361,483 |