GREYSTONE LOGISTICS, INC.
For the period ended May 31, 2026. Filed Aug 31, 2026.
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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.
FY2026 · Filed Aug 31, 2026
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Consolidated Balance Sheets
Greystone Logistics, Inc. and Subsidiaries
Consolidated Balance Sheets
| May 31, | May 31, | |
|---|---|---|
| 2026 | 2025 | |
| Assets | ||
| Current Assets: | ||
| Cash | $511,915 | $1,545,035 |
| Accounts receivable - | ||
| Trade | 1,968,201 | 4,359,815 |
| Related parties | 1,029,462 | 890,883 |
| Inventory | 2,687,737 | 3,484,038 |
| Prepaid expenses | 557,780 | 556,912 |
| Total Current Assets | 6,755,095 | 10,836,683 |
| Property, Plant and Equipment, net | 25,842,759 | 30,044,886 |
| Right-to-use Assets | 4,763,629 | 5,091,348 |
| Total Assets | $37,361,483 | $45,972,917 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses | $2,273,620 | $4,023,920 |
| Current portion of revolving loan | 2,200,000 | - |
| Current portion of long-term debt | 9,794,589 | 2,249,524 |
| Current portion of financing leases | - | 4,457 |
| Current portion of operating leases | 323,977 | 303,815 |
| Deferred revenue | 22,964 | 22,964 |
| Preferred dividends payable | - | 1,610 |
| Total Current Liabilities | 14,615,150 | 6,606,290 |
| Long-Term Debt, net of current portion | - | 8,833,483 |
| Finance Obligation | 1,670,424 | - |
| Operating Leases, net of current portion | 4,540,509 | 4,864,486 |
| Deferred Tax Liability | 5,017,814 | 5,792,349 |
| Total Liabilities | 25,843,897 | 26,096,608 |
| Commitments and Contingencies (Note 16) | ||
| Equity: | ||
| Preferred stock, $0.0001 par value, cumulative, 20,750,000 shares authorized; -0- shares issued and outstanding in 2026 and 2025; liquidation preference of $0 in 2026 and 2025 | - | - |
| Common stock, $0.0001 par value, 5,000,000,000 shares authorized; 27,270,701 and 27,879,701 shares issued in 2026 and 2025; 27,270,701 and 27,360,577 shares outstanding in 2026 and 2025 | 2,727 | 2,788 |
| Treasury stock, at cost, 0 and 519,124 shares at 2026 and 2025 | - | (606,737) |
| Additional paid-in capital | 47,383,494 | 48,113,317 |
| Accumulated deficit | (35,868,635) | (27,633,059) |
| Total Equity | 11,517,586 | 19,876,309 |
| Total Liabilities and Equity | $37,361,483 | $45,972,917 |
The accompanying notes are an integral part of these consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.