For the quarter ending 2025-11-30, GLGI has $40,393,556 in assets. $23,803,511 in debts.
| Balance Sheets | 2025-11-30 | 2025-08-31 | 2025-05-31 | |
|---|---|---|---|---|
| Cash | 919,925 | 2,339,269 | 1,545,035 | |
| Accounts receivable-Nonrelated Party | 1,490,472 | 2,561,555 | 4,359,815 | |
| Accounts receivable-Related Party | 562,554 | 794,183 | 890,883 | |
| Other | - | - | 0 | |
| Inventory | 2,813,518 | 3,475,157 | 3,484,038 | |
| Prepaid expenses | 1,109,960 | 365,928 | 556,912 | |
| Total current assets | 6,896,429 | 9,536,092 | 10,836,683 | |
| Property, plant and equipment, gross | 80,192,243 | 79,351,158 | 78,751,850 | |
| Less accumulated depreciation and amortization | 51,623,415 | 50,236,773 | 48,706,964 | |
| Property, plant and equipment, net | 28,568,828 | 29,114,385 | 30,044,886 | |
| Right-to-use assets | 4,928,299 | 5,010,423 | 5,091,348 | |
| Total assets | 40,393,556 | 43,660,900 | 45,972,917 | |
| Current portion of revolver loan | 900,000 | - | - | |
| Current portion of long-term debt | 2,372,978 | 2,324,241 | 2,249,524 | |
| Current portion of financing leases | 1,485 | 2,982 | 4,457 | |
| Current portion of operating leases | 313,730 | 308,732 | 303,815 | |
| Accounts payable and accrued expenses | 2,290,885 | 3,907,165 | 4,023,920 | |
| Deferred revenue | 22,964 | 22,964 | 22,964 | |
| Preferred dividends payable | 0 | 0 | 1,610 | |
| Total current liabilities | 5,902,042 | 6,566,084 | 6,606,290 | |
| Long-term debt, net of current portion and debt issuance costs | 7,616,251 | 8,213,566 | 8,833,483 | |
| Financing leases, net of current portion | - | - | 0 | |
| Operating leases, net of current portion | 4,705,101 | 4,785,433 | 4,864,486 | |
| Deferred tax liability | 5,580,117 | 5,441,677 | 5,792,349 | |
| Total liabilities | 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 november 30, 2025 and may 31, 2025, respectively | 2,788 | 2,788 | 2,788 | |
| Treasury stock, at cost, 609,000 and 519,124 shares at november 30, 2025 and may 31, 2025, respectively | 729,884 | 729,884 | 606,737 | |
| Additional paid-in capital | 48,113,317 | 48,113,317 | 48,113,317 | |
| Accumulated deficit | -30,796,176 | -28,732,081 | -27,633,059 | |
| Total equity | 16,590,045 | 18,654,140 | 19,876,309 | |
| Total liabilities and equity | 40,393,556 | 43,660,900 | 45,972,917 | |
GREYSTONE LOGISTICS, INC. (GLGI)
GREYSTONE LOGISTICS, INC. (GLGI)