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Note 8 - Deferred Revenue
6 Months Ended
Nov. 30, 2023
Notes to Financial Statements  
Deferred Revenue [Text Block]

Note 8.

Deferred Revenue

 

Advances from a customer 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 which totaled $-0- and $5,306,040 during the six months ended November 30, 2023 and 2022, respectively. The unrecognized balance of deferred revenue as of November 30, 2023 and May 31, 2023, was $23,007.