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Deferred Revenue
9 Months Ended
Feb. 28, 2018
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue

Note 8. Deferred Revenue

 

In February, 2018, a new customer entered into a contract with Greystone to purchase plastics pallets with shipments occurring from May, 2018 through about August, 2018. The customer prepaid $4,595,034 to provide funding to Greystone for procuring raw materials to produce the pallets. Revenue will be recognized by Greystone as pallets are shipped to the customer.