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Note 8 - Deferred Revenue
3 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Deferred Revenue [Text Block]

Note 8. Deferred Revenue

 

Advances from customers pursuant to a contract for the sale of plastic pallets is recognized as deferred revenue. Revenue is recognized by Greystone as pallets are shipped to the customer. Revenue related to prior advances totaled $0 and $817,981 during the three months ended August 31, 2025 and 2024, respectively. The unrecognized balance of deferred revenue at both August 31, 2025 and May 31, 2025, was $22,964.