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 Statements of Operations
Greystone Logistics, Inc. and Subsidiaries
Consolidated Statements of Operations
| For the Years Ended May 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Sales | $27,536,343 | $57,869,480 |
| Cost of sales | 29,253,173 | 47,819,840 |
| Gross profit (loss) | (1,716,830) | 10,049,640 |
| Selling, general and administrative expenses | 6,051,426 | 6,478,151 |
| Gain on involuntary conversion (see Note 5) | - | (741,821) |
| Operating income (loss) | (7,768,256) | 4,313,310 |
| Other income (expense): | ||
| Other income | 4,968 | 162,249 |
| Interest expense | (911,807) | (1,018,084) |
| Income (loss) before income taxes | (8,675,095) | 3,457,475 |
| Benefit (provision) for income taxes | 439,519 | (1,106,465) |
| Net income (loss) | $(8,235,576) | $2,351,010 |
| Preferred dividends | - | (428,713) |
| Net income (loss) attributable to common stockholders | $(8,235,576) | $1,922,297 |
| Net income (loss) per share of common stock - | ||
| Basic and diluted | $(0.30) | $0.07 |
| Weighted average shares of common stock outstanding | ||
| Basic | 27,272,779 | 28,063,545 |
| Diluted | 27,272,779 | 28,559,360 |
The accompanying notes are an integral part of these consolidated financial statements.
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