Note 14 - Concentrations, Risks and Uncertainties

12 Months Ended

May 31, 2025

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

Note 14. CONCENTRATIONS, RISKS AND UNCERTAINTIES

For the fiscal years 2025 and 2024, Greystone’s major customers, varying from three to four, accounted for approximately 76% and 81% of total sales, respectively.

Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content of the pallet. Most of these purchases are from one of Greystone’s major customers which totaled approximately $627,000 and $769,000 in fiscal years 2025 and 2024, respectively.

Greystone is subject to litigation, claims and other commitments and contingencies arising in the ordinary course of business. Although the asserted value of these matters may be significant, the company currently does not expect that the ultimate resolution of any open matters will have a material adverse effect on its consolidated financial position or results of operations.