GREYSTONE LOGISTICS, INC.
For the period ended May 31, 2025. Filed Aug 29, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 29, 2025
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Consolidated Balance Sheets
Greystone Logistics, Inc. and Subsidiaries
Consolidated Balance Sheets
| May 31, | May 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current Assets: | ||
| Cash | $1,545,035 | $5,798,641 |
| Accounts receivable - | ||
| Trade | 4,359,815 | 4,158,381 |
| Related parties | 890,883 | 265,570 |
| Other | - | 2,107,108 |
| Inventory | 3,484,038 | 3,871,626 |
| Prepaid expenses | 556,912 | 585,423 |
| Total Current Assets | 10,836,683 | 16,786,749 |
| Property, Plant and Equipment, net | 30,044,886 | 30,066,119 |
| Right-to-use Assets | 5,091,348 | 5,403,441 |
| Total Assets | $45,972,917 | $52,256,309 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Current portion of long-term debt | $2,249,524 | $2,362,212 |
| Current portion of financing leases | 4,457 | 19,171 |
| Current portion of operating leases | 303,815 | 286,221 |
| Accounts payable and accrued expenses | 4,023,920 | 3,670,332 |
| Deferred revenue | 22,964 | 840,945 |
| Preferred dividends payable | 1,610 | - |
| Total Current Liabilities | 6,606,290 | 7,178,881 |
| Long-Term Debt, net of current portion and debt issuance costs | 8,833,483 | 11,080,736 |
| Financing Leases, net of current portion | - | 3,972 |
| Operating Leases, net of current portion | 4,864,486 | 5,167,013 |
| Deferred Tax Liability | 5,792,349 | 4,844,958 |
| Total Liabilities | 26,096,608 | 28,275,560 |
| Commitments and Contingencies (Note 15) | ||
| Equity: | ||
| Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- and 50,000 shares issued and outstanding in 2025 and 2024; liquidation preference of $0 and $5,000,000 in 2025 and 2024 | - | 5 |
| Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,879,701 and 28,279,701 shares issued 2025 and 2024; 27,360,577 and 28,279,701 shares outstanding in 2025 and 2024 | 2,788 | 2,828 |
| Treasury Stock, at cost, 519,124 shares | (606,737) | - |
| Additional paid-in capital | 48,113,317 | 53,533,272 |
| Accumulated deficit | (27,633,059) | (29,555,356) |
| Total Equity | 19,876,309 | 23,980,749 |
| Total Liabilities and Equity | $45,972,917 | $52,256,309 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.