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Concentrations
12 Months Ended
May 31, 2017
Risks and Uncertainties [Abstract]  
Concentrations

Note 12. CONCENTRATIONS

 

For the fiscal years 2017 and 2016, Greystone had two customers that accounted for approximately 71% and 56% 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. A majority of these purchases are from one of Greystone’s major customers which were approximately $1,611,000 and $1,605,000 in fiscal years 2017 and 2016, respectively.