| Balance Sheets | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Cash | 216,600 | 919,925 | 2,339,269 | 1,545,035 |
| Accounts receivable-Nonrelated Party | 2,088,473 | 1,490,472 | 2,561,555 | 4,359,815 |
| Accounts receivable-Related Party | 763,297 | 562,554 | 794,183 | 890,883 |
| Other | NaN | NaN | NaN | 0 |
| Inventory | 2,763,956 | 2,813,518 | 3,475,157 | 3,484,038 |
| Prepaid expenses | 997,030 | 1,109,960 | 365,928 | 556,912 |
| Total current assets | 6,829,356 | 6,896,429 | 9,536,092 | 10,836,683 |
| Property, plant and equipment, gross | 80,352,021 | 80,192,243 | 79,351,158 | 78,751,850 |
| Less accumulated depreciation and amortization | 53,151,589 | 51,623,415 | 50,236,773 | 48,706,964 |
| Property, plant and equipment, net | 27,200,432 | 28,568,828 | 29,114,385 | 30,044,886 |
| Right-to-use assets | 4,844,955 | 4,928,299 | 5,010,423 | 5,091,348 |
| Total assets | 38,874,743 | 40,393,556 | 43,660,900 | 45,972,917 |
| Current portion of revolver loan | 1,900,000 | 900,000 | NaN | NaN |
| Current portion of long-term debt | 9,800,695 | 2,372,978 | 2,324,241 | 2,249,524 |
| Current portion of financing leases | 0 | 1,485 | 2,982 | 4,457 |
| Current portion of operating leases | 318,811 | 313,730 | 308,732 | 303,815 |
| Accounts payable and accrued expenses | 2,941,663 | 2,290,885 | 3,907,165 | 4,023,920 |
| Deferred revenue | 22,964 | 22,964 | 22,964 | 22,964 |
| Preferred dividends payable | 0 | 0 | 0 | 1,610 |
| Total current liabilities | 14,984,133 | 5,902,042 | 6,566,084 | 6,606,290 |
| Long-term debt, net of current portion and debt issuance costs | 0 | 7,616,251 | 8,213,566 | 8,833,483 |
| Financing leases, net of current portion | NaN | NaN | NaN | 0 |
| Operating leases, net of current portion | 4,623,466 | 4,705,101 | 4,785,433 | 4,864,486 |
| Deferred tax liability | 5,479,177 | 5,580,117 | 5,441,677 | 5,792,349 |
| Total liabilities | 25,086,776 | 23,803,511 | 25,006,760 | 26,096,608 |
| Common stock, 0.0001 par value, 5,000,000,000 shares authorized 27,879,701 shares issued 27,270,701 and 27,360,577 shares outstanding in february 28, 2026 and may 31, 2025, respectively | 2,788 | 2,788 | 2,788 | 2,788 |
| Treasury stock, at cost, 609,000 and 519,124 shares at february 28, 2026 and may 31, 2025, respectively | 729,884 | 729,884 | 729,884 | 606,737 |
| Additional paid-in capital | 48,113,317 | 48,113,317 | 48,113,317 | 48,113,317 |
| Accumulated deficit | -33,598,254 | -30,796,176 | -28,732,081 | -27,633,059 |
| Total equity | 13,787,967 | 16,590,045 | 18,654,140 | 19,876,309 |
| Total liabilities and equity | 38,874,743 | 40,393,556 | 43,660,900 | 45,972,917 |
GREYSTONE LOGISTICS, INC. (GLGI)
GREYSTONE LOGISTICS, INC. (GLGI)