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Balance Sheets Overview

Current Ratio
45.58%
Quick Ratio
27.13%
Debt to Asset Ratio
64.53%
Unit: Dollar
Assets Breakdown
    • Less accumulated depreciation an...
    • Right-to-use assets
    • Accounts receivable-Nonrelated P...
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Current portion of long-term deb...
    • Others
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
-
-
-
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
-
-
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
-
-
-
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
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Property, plant andequipment, gross$80,352,021 Inventory$2,763,956 Accountsreceivable-Nonrelated Party$2,088,473 Prepaid expenses$997,030 Accountsreceivable-Related Party$763,297 Cash$216,600 Property, plant andequipment, net$27,200,432 Total current assets$6,829,356 Right-to-use assets$4,844,955 Less accumulateddepreciation and...$53,151,589 Total assets$38,874,743 Total liabilities andequity$38,874,743 Total liabilities$25,086,776 Total equity$13,787,967 Accumulated deficit-$33,598,254 Treasury stock, at cost,609,000 and 519,124...$729,884 Total currentliabilities$14,984,133 Deferred tax liability$5,479,177 Operating leases, net ofcurrent portion$4,623,466 Additional paid-in capital$48,113,317 Common stock, 0.0001par value,...$2,788 Current portion oflong-term debt$9,800,695 Accounts payable andaccrued expenses$2,941,663 Current portion ofrevolver loan$1,900,000 Current portion ofoperating leases$318,811 Deferred revenue$22,964

GREYSTONE LOGISTICS, INC. (GLGI)

GREYSTONE LOGISTICS, INC. (GLGI)