v3.26.3
Note 9 - Deferred Revenue
3 Months Ended
Aug. 31, 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 during the three months ended August 31, 2026 and 2025. The unrecognized balance of deferred revenue at both August 31, 2026 and May 31, 2026, was $22,964.