10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
89 line items · 2 periods
XBRL
| Item | Nov 30, 2024 | May 31, 2024 |
|---|---|---|
Current Assets: | ||
Cash | 4,891,304 | 5,798,641 |
Related Party | 623,838 | 265,570 |
Nonrelated Party | 3,455,030 | 4,158,381 |
Other | 0 | 2,107,108 |
Inventory | 3,504,520 | 3,871,626 |
Prepaid expenses | 1,154,397 | 585,423 |
Total Current Assets | 13,629,089 | 16,786,749 |
Property, Plant and Equipment, net | 31,689,437 | 30,066,119 |
Right-to-use Assets | 5,249,678 | 5,403,441 |
Current Liabilities: | 50,568,204 | 52,256,309 |
Current portion of long-term debt | 2,245,185 | 2,362,212 |
Current portion of financing leases | 10,133 | 19,171 |
Non-cancellable Leases | 10,133 | 19,171 |
Current portion of operating leases | 294,219 | 286,221 |
Accounts payable | 2,808,499 | 2,633,572 |
Accrued expenses | 1,214,383 | 1,036,760 |
Deferred revenue | 22,964 | 840,945 |
Preferred dividends payable | 47,021 | 0 |
Total Current Liabilities | 6,642,404 | 7,178,881 |
Long-Term Debt, net of current portion and debt issuance costs | 10,024,436 | 11,080,736 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 | 5 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively | 2,828 | 2,828 |
Additional paid-in capital | 53,533,272 | 53,533,272 |
Accumulated deficit | (29,713,281) | (29,555,356) |
Total Equity | 23,822,824 | 23,980,749 |
Total Liabilities and Equity | 50,568,204 | 52,256,309 |
Financing Leases, net of current portion | 999 | 3,972 |
Non-cancellable Leases | 999 | 3,972 |
Operating Leases, net of current portion | 5,018,833 | 5,167,013 |
Deferred Tax Liability | 5,058,708 | 4,844,958 |
Cash | 4,891,304 | 5,798,641 |
Related Party | 623,838 | 265,570 |
Nonrelated Party | 3,455,030 | 4,158,381 |
Other | 0 | 2,107,108 |
Inventory | 3,504,520 | 3,871,626 |
Prepaid expenses | 1,154,397 | 585,423 |
Total Current Assets | 13,629,089 | 16,786,749 |
Property, Plant and Equipment, net | 31,689,437 | 30,066,119 |
Right-to-use Assets | 5,249,678 | 5,403,441 |
Current Liabilities: | 50,568,204 | 52,256,309 |
Current portion of long-term debt | 2,245,185 | 2,362,212 |
Current portion of financing leases | 10,133 | 19,171 |
Non-cancellable Leases | 10,133 | 19,171 |
Current portion of operating leases | 294,219 | 286,221 |
Accounts payable | 2,808,499 | 2,633,572 |
Accrued expenses | 1,214,383 | 1,036,760 |
Deferred revenue | 22,964 | 840,945 |
Preferred dividends payable | 47,021 | 0 |
Total Current Liabilities | 6,642,404 | 7,178,881 |
Long-Term Debt, net of current portion and debt issuance costs | 10,024,436 | 11,080,736 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 | 5 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively | 2,828 | 2,828 |
Additional paid-in capital | 53,533,272 | 53,533,272 |
Accumulated deficit | (29,713,281) | (29,555,356) |
Total Equity | 23,822,824 | 23,980,749 |
Total Liabilities and Equity | 50,568,204 | 52,256,309 |
Financing Leases, net of current portion | 999 | 3,972 |
Non-cancellable Leases | 999 | 3,972 |
Operating Leases, net of current portion | 5,018,833 | 5,167,013 |
Deferred Tax Liability | 5,058,708 | 4,844,958 |
Current Liabilities: | 50,568,204 | 52,256,309 |
Current portion of long-term debt | 2,245,185 | 2,362,212 |
Current portion of financing leases | 10,133 | 19,171 |
Non-cancellable Leases | 10,133 | 19,171 |
Current portion of operating leases | 294,219 | 286,221 |
Accounts payable | 2,808,499 | 2,633,572 |
Accrued expenses | 1,214,383 | 1,036,760 |
Deferred revenue | 22,964 | 840,945 |
Preferred dividends payable | 47,021 | 0 |
Total Current Liabilities | 6,642,404 | 7,178,881 |
Long-Term Debt, net of current portion and debt issuance costs | 10,024,436 | 11,080,736 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 | 5 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively | 2,828 | 2,828 |
Additional paid-in capital | 53,533,272 | 53,533,272 |
Accumulated deficit | (29,713,281) | (29,555,356) |
Total Equity | 23,822,824 | 23,980,749 |
Total Liabilities and Equity | 50,568,204 | 52,256,309 |
Financing Leases, net of current portion | 999 | 3,972 |
Non-cancellable Leases | 999 | 3,972 |
Operating Leases, net of current portion | 5,018,833 | 5,167,013 |
Deferred Tax Liability | 5,058,708 | 4,844,958 |
Long-Term Debt, net of current portion and debt issuance costs | 10,024,436 | 11,080,736 |
Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized, 50,000 shares issued and outstanding, liquidation preference of $5,000,000 | 5 | 5 |
Common stock, $0.0001 par value, 5,000,000,000 shares authorized, 28,279,701 and 28,361,201 shares issued and outstanding, respectively | 2,828 | 2,828 |
Additional paid-in capital | 53,533,272 | 53,533,272 |
Accumulated deficit | (29,713,281) | (29,555,356) |
Total Equity | 23,822,824 | 23,980,749 |
Total Liabilities and Equity | 50,568,204 | 52,256,309 |