GREYSTONE LOGISTICS INC
For the period ended May 31, 2024. Filed Sep 13, 2024.
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FY2024 · Filed Sep 13, 2024
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Concentrations, Risks, & Uncertainties
Note 15.** CONCENTRATIONS, RISKS AND UNCERTAINTIES
For the fiscal years 2024 and 2023, Greystone’s major customers, varying from three tofour, accounted for approximately 81% and 73% of total sales, respectively.
Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content of the pallet. Most of these purchases are fromone of Greystone’s major customers which totaled approximately $769,000 and $787,000 in fiscal years 2024 and 2023, respectively.
Greystone is subject to litigation, claims and other commitments and contingencies arising in the ordinary course of business. Although the asserted value of these matters may be significant, the company currently does not expect that the ultimate resolution of any open matters will have a material adverse effect on its consolidated financial position or results of operations.
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