v3.25.4
Note 9 - Deferred Revenue
6 Months Ended
Nov. 30, 2025
Notes to Financial Statements  
Deferred Revenue [Text Block]

Note 9. 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 six months ended November 30, 2025 and 2024, respectively. The unrecognized balance of deferred revenue at both November 30, 2025 and May 31, 2025, was $22,964.