Note 9 - Deferred Revenue |
9 Months Ended |
|---|---|
Feb. 28, 2026 | |
| 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 nine months ended February 28, 2026 and 2025, respectively. The unrecognized balance of deferred revenue at both February 28, 2026 and May 31, 2025, was $22,964. |