10-Q
Quarterly Report
GREYSTONE LOGISTICS, INC.
CIK: 1088413
File #: 000-26331
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Nov 30, 2025 | May 31, 2025 |
|---|---|---|
Cash | 919,925 | 1,545,035 |
Related Party | 562,554 | 890,883 |
Nonrelated Party | 1,490,472 | 4,359,815 |
Inventory | 2,813,518 | 3,484,038 |
Prepaid expenses | 1,109,960 | 556,912 |
Total Current Assets | 6,896,429 | 10,836,683 |
Property, Plant and Equipment, net | 28,568,828 | 30,044,886 |
Machinery and Equipment | 280,000 | — |
Right-to-use Assets | 4,928,299 | 5,091,348 |
Total Assets | 40,393,556 | 45,972,917 |
Current Liabilities: | ||
Current portion of revolver loan | 900,000 | 0 |
Current portion of long-term debt | 2,372,978 | 2,249,524 |
Current portion of financing leases | 1,485 | 4,457 |
Non-cancellable Leases | 1,485 | 4,457 |
Current portion of operating leases | 313,730 | 303,815 |
Accounts payable and accrued expenses | 2,290,885 | 4,023,920 |
Deferred revenue | 22,964 | 22,964 |
Preferred dividends payable | 0 | 1,610 |
Total Current Liabilities | 5,902,042 | 6,606,290 |
Long-Term Debt, net of current portion and debt issuance costs | 7,616,251 | 8,833,483 |
Operating Leases, net of current portion | 4,705,101 | 4,864,486 |
Deferred Tax Liability | 5,580,117 | 5,792,349 |
Total Liabilities | 23,803,511 | 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 November 30, 2025 and May 31, 2025, respectively | 2,788 | 2,788 |
Treasury Stock, at cost, 609,000 and 519,124 shares at November 30, 2025 and May 31, 2025, respectively | 729,884 | 606,737 |
Additional paid-in capital | 48,113,317 | 48,113,317 |
Accumulated deficit | (30,796,176) | (27,633,059) |
Total Equity | 16,590,045 | 19,876,309 |
Retained Earnings | (30,796,176) | (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 | 40,393,556 | 45,972,917 |