Note 9 - Revenue and Revenue Recognition

9 Months Ended

Feb. 29, 2024

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 0.8% and 0.8% of sales during the nine months ended February 29(28), 2024 and 2023, 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 nine months ended February 29(28), 2024 and 2023, respectively, were as follows:

Category	2024			2023
End User Customers		83	%		71	%
Distributors		17	%		29	%