Note 9 - Deferred Revenue |
6 Months Ended |
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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.
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