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 Statements of Income
Greystone Logistics, Inc. and Subsidiaries
Consolidated Statements of Income
| For the Years Ended May 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Sales | $57,869,480 | $61,780,715 |
| Cost of Sales | 48,391,187 | 50,065,085 |
| Gross Profit | 9,478,293 | 11,715,630 |
| Selling, General and Administrative Expenses | 5,906,804 | 5,168,607 |
| Gain on involuntary conversion (see Note 4) | (741,821) | (593,647) |
| Operating Income | 4,313,310 | 7,140,670 |
| Other Income (Expense): | ||
| Other Income | 162,249 | 209,079 |
| Interest Expense | (1,018,084) | (1,291,054) |
| Income before Income Taxes | 3,457,475 | 6,058,695 |
| Provision for Income Taxes | (1,106,465) | (1,031,204) |
| Net Income | $2,351,010 | $5,027,491 |
| Preferred Dividends | (428,713) | (587,226) |
| Net Income Attributable to Common Stockholders | $1,922,297 | $4,440,265 |
| Net Income Per Share of Common Stock - | ||
| Basic | $0.07 | $0.16 |
| Diluted | $0.07 | $0.15 |
| Weighted Average Shares of Common Stock Outstanding | ||
| Basic | 28,063,545 | 28,279,701 |
| Diluted | 28,559,360 | 28,774,984 |
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