Note 12 - Concentrations, Risks, and Uncertainties |
3 Months Ended |
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Aug. 31, 2026 | |
| Notes to Financial Statements | |
| Concentration Risk Disclosure [Text Block] |
Note 12. CONCENTRATIONS, RISKS, AND UNCERTAINTIES
Greystone derived approximately 42% and 63% of its total sales during the three months ended August 31, 2026 and 2025, respectively, from a limited number of customers, generally ranging from one to three. Approximately 0% and 63% of the concentration for the three months ended August 31, 2026 and 2025, respectively, was derived from the lost major customer. The loss of a material amount of business from these customers had a material adverse effect on Greystone. For the three months ended August 31, 2026 and 2025, one of Greystone’s related parties, TriEnda Holdings, L.L.C. (Note 6), accounted for approximately 18% and less than 1%, respectively, of total sales. As of August 31, 2026 and May 31, 2026, TriEnda Holdings, LLC, accounted for approximately 36% and 31%, respectively of accounts receivable.
Greystone is subject to litigation, claims, and other commitments and contingencies arising in the ordinary course of business. Although the asserted value of these matters may be significant, the Company currently does not expect that the ultimate resolution of any open matters will have a material adverse effect on its consolidated financial position or results of operations.
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