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Note 11 - Concentrations, Risks and Uncertainties
9 Months Ended
Feb. 28, 2025
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 nine months ended February 28(29), 2025 and 2024, 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 $474,234 and $637,906 during the nine months ended February 28(29), 2025 and 2024, respectively, is from one of its major customers.