Note 11 - Concentrations, Risks and Uncertainties

3 Months Ended

Aug. 31, 2023

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note 11. Concentrations, Risks and Uncertainties

Greystone derived approximately 85% and 77% of its total sales during the three months ended August 31, 2023 and 2022, respectively, from a limited number of customers, generally ranging from 2 to 4. The loss of a material amount of business from one or more of these customers could have a material adverse effect on Greystone.

Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content in the pallet. A majority of these purchases, totaling $211,220 and $226,232 during the three months ended August 31, 2023 and 2022, respectively, is from one of its major customers.