glgi: the balance sheet

MyFinsight

For the quarter ending 2025-08-31, GLGI has $43,660,900 in assets. $25,006,760 in debts.

Unit: Dollar

Balance Sheets	2025-08-31
Cash	2,339,269
Accounts receivable-Nonrelated Party	2,561,555
Accounts receivable-Related Party	794,183
Inventory	3,475,157
Prepaid expenses	365,928
Total current assets	9,536,092
Property, plant and equipment, gross	79,351,158
Less accumulated depreciation and amortization	50,236,773
Property, plant and equipment, net	29,114,385
Right-to-use assets	5,010,423
Total assets	43,660,900

Current portion of long-term debt	2,324,241
Current portion of financing leases	2,982
Current portion of operating leases	308,732
Accounts payable and accrued expenses	3,907,165
Deferred revenue	22,964
Preferred dividends payable	0
Total current liabilities	6,566,084
Long-term debt, net of current portion and debt issuance costs	8,213,566
Operating leases, net of current portion	4,785,433
Deferred tax liability	5,441,677
Total liabilities	25,006,760
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 august 31, 2025 and may 30, 2025	2,788
Treasury stock, at cost, 609,000 and 519,124 shares at august 31, 2025 and may 31, 2025, respectively	729,884
Additional paid-in capital	48,113,317
Accumulated deficit	-28,732,081
Total equity	18,654,140
Total liabilities and equity	43,660,900