Note 9 - Revenue and Revenue Recognition

6 Months Ended

Nov. 30, 2023

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

Note 9. Revenue and Revenue Recognition

Greystone’s principal product is plastic pallets produced from recycled plastic resin. Sales are primarily to customers in the continental United States of America. International sales are made to customers in Canada and Mexico which totaled approximately $228,051 and $292,025 during the six months ended November 30, 2023 and 2022, respectively.

Greystone’s customers include stocking and non-stocking distributors and direct sales to end-user customers. Sales to the following categories of customers for the six months ended November 30, 2023 and 2022, respectively, were as follows:

Category	2023			2022
End User Customers		83	%		73	%
Distributors		17	%		27	%