GREYSTONE LOGISTICS, INC.
For the period ended May 31, 2026. Filed Aug 31, 2026.
View on SEC.govAbout this filing
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
GLGIStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Greystone Logistics, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
| For the Years Ended May 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows from Operating Activities: | ||
| Net income (loss) | $(8,235,576) | $2,351,010 |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities - | ||
| Gain on involuntary conversion | - | (741,821) |
| (Gain) loss on disposition of assets | 8,985 | (43,027) |
| Depreciation and amortization | 6,050,746 | 5,772,850 |
| Change in deferred taxes | (774,535) | 947,391 |
| Effects of changes in operating assets and liabilities: | ||
| Trade accounts receivable | 2,391,614 | 540,387 |
| Other accounts receivable | - | 2,107,108 |
| Related parties receivable | (138,579) | (625,313) |
| Inventory | 1,031,329 | 387,588 |
| Operating leases | 23,904 | 26,464 |
| Prepaid expenses | (868) | 28,511 |
| Accounts payable and accrued expenses | (1,840,040) | 354,282 |
| Deferred revenue | - | (817,981) |
| Net cash (used in) provided by operating activities | (1,483,020) | 10,287,449 |
| Cash Flows from Investing Activities: | ||
| Purchase of property, plant and equipment | (1,973,041) | (5,753,429) |
| Proceeds from disposal of property, plant and equipment | - | 50,000 |
| Net cash used in investing activities | (1,973,041) | (5,703,429) |
| Cash Flows from Financing Activities: | ||
| Principal payments on long-term debt and financing leases | (1,322,726) | (2,383,786) |
| Proceeds from finance obligation | 1,670,424 | - |
| Advances under revolving loan | 2,200,000 | - |
| Payments for retirement of preferred stock | - | (5,000,000) |
| Repurchase of common stock | (123,147) | (606,737) |
| Repurchase and retirement of common stock | - | (420,000) |
| Dividends paid on preferred stock | (1,610) | (427,103) |
| Net cash provided by (used in) financing activities | 2,422,941 | (8,837,626) |
| Net Decrease in Cash | (1,033,120) | (4,253,606) |
| Cash, beginning of period | 1,545,035 | 5,798,641 |
| Cash, end of period | $511,915 | $1,545,035 |
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.