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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Consolidated Statements of Changes in Equity
Greystone Logistics, Inc.
Consolidated Statements of Changes in Equity
For the Years Ended May 31, 2024 and 2023
| Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Total Greystone Stockholders’ · Non-controlling · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Deficit · Equity · Interest · Equity | ||||||||||
| Balances, May 31, 2022 | 50,000 | $5 | 28,279,701 | $2,828 | $53,533,272 | $(39,838,449) | $13,697,656 | $1,383,825 | $15,081,481 | |
| Cash contribution by non-controlling interest | - | - | - | - | - | - | - | 1,669,000 | 1,669,000 | |
| Deconsolidation of variable interest entity | - | - | - | - | - | - | - | (3,102,424) | (3,102,424) | |
| Preferred dividends, $9.91 per share | - | - | - | - | - | (495,681) | (495,681) | - | (495,681) | |
| Net income | - | - | - | - | - | 6,338,509 | 6,338,509 | 49,599 | 6,388,108 | |
| Balances, May 31, 2023 | 50,000 | 5 | 28,279,701 | 2,828 | 53,533,272 | (33,995,621) | 19,540,484 | - | 19,540,484 | |
| Preferred dividends, $11.75 per share | - | - | - | - | - | (587,226) | (587,226) | - | (587,226) | |
| Net income | - | - | - | - | - | 5,027,491 | 5,027,491 | - | 5,027,491 | |
| Balances, May 31, 2024 | 50,000 | $5 | 28,279,701 | $2,828 | $53,533,272 | $(29,555,356) | $23,980,749 | $ | - | $23,980,749 |
The accompanying notes are an integral part of these consolidated financial statements.
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