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Note 11 - Concentrations, Risks and Uncertainties
6 Months Ended
Nov. 30, 2024
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

Note 11. Concentrations, Risks and Uncertainties

 

Greystone derived approximately 76% and 83% of its total sales during the six months ended November 30, 2024 and 2023, 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 $360,274 and $470,648 during the six months ended November 30, 2024 and 2023, respectively, is from one of its major customers.