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Deferred Revenue
9 Months Ended
Feb. 28, 2019
Revenue Recognition and Deferred Revenue [Abstract]  
Deferred Revenue

Note 8.   Deferred Revenue

 

Deferred revenue as of February 28, 2019 and May 31, 2018 represents advance payments from a customer to purchase plastic pallets with shipments expected to be complete by January 3, 2020. Greystone recognizes revenue as plastic pallets are shipped to the customer. Recognized revenue totaled $4,252,500 during the nine months ended February 28, 2019.