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Concentrations
12 Months Ended
May 31, 2019
Risks and Uncertainties [Abstract]  
Concentrations

Note 13. CONCENTRATIONS

 

For the fiscal years 2019 and 2018, Greystone had three customers that accounted for approximately 86% and 78% of total sales, respectively.

 

Greystone purchases damaged pallets from its customers at a price based on the value of the raw material content of the pallet. A majority of these purchases are from one of Greystone’s major customers which were approximately $1,587,000 and $1,616,000 in fiscal years 2019 and 2018, respectively.