XML 29 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Note 11 - Concentrations, Risks and Uncertainties
3 Months Ended
Aug. 31, 2024
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

Note 11. Concentrations, Risks and Uncertainties

 

Greystone derived approximately 76% and 85% of its total sales during the three months ended August 31, 2024 and 2023, respectively, from a limited number of customers, generally ranging from 2 to 4. The loss of a material amount of business from one or more of these customers could have a material adverse effect on Greystone.

 

Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content in the pallet. A majority of these purchases, totaling $189,156 and $211,220 during the three months ended August 31, 2024 and 2023, respectively, is from one of its major customers.