Related Party Transactions/Activity	9 Months Ended
Feb. 28, 2022
Related Party Transactions [Abstract]
Related Party Transactions/Activity	Note 5. Related Party Transactions/Activity Yorktown Management & Financial Services, LLC Yorktown Management & Financial Services, LLC (“Yorktown”), an entity wholly-owned by Greystone’s President and CEO, owns and rents to Greystone (1) grinding equipment used to grind raw materials for Greystone’s pallet production and (2) extruders for pelletizing recycled plastic into pellets for resale and for use as raw material in the manufacture of pallets. GSM pays weekly rental fees to Yorktown of $27,500 for use of Yorktown’s grinding equipment and pelletizing equipment. Rental fees were $1,072,500 for the each of the nine months ended February 28, 2022 and 2021. Greystone paid Yorktown office rents totaling $38,400 and $36,000 during the nine months ended February 28, 2022 and 2021, respectively. Greystone prepaid $99,710 to Yorktown as a prepayment for lease rentals and rents on office space in consideration for a 50% reduction on office rent on the last scheduled payment under the office lease. TriEnda Holdings, L.L.C. TriEnda Holdings, L.L.C. (“TriEnda”) is a manufacturer of plastic pallets, protective packing and dunnage utilizing thermoform processing for which Warren F. Kruger, Greystone’s President and CEO, serves TriEnda as the non-executive Chairman of the Board and is a partner in a partnership which has a majority ownership interest in TriEnda. Greystone may purchase pallets from TriEnda for resale or sell Greystone pallets to TriEnda. During the nine months ended February 28, 2022 and 2021, Greystone purchases from TriEnda totaled $4,222 and $52,356, respectively, and sales to TriEnda totaled $62,089 and $54,871, respectively. As of February 28, 2022, TriEnda owed $88,204 to Greystone. Green Plastic Pallets Greystone sells plastic pallets to Green Plastic Pallets (“Green”), an entity that is owned by James Kruger, brother to Warren Kruger, Greystone’s President and CEO. Greystone had sales to Green of $348,330 and $343,350 for the nine months ended February 28, 2022 and 2021, respectively. The account receivable due from Green as of February 28, 2022 was $23,970.

Related Party Transactions/Activity

9 Months Ended

Feb. 28, 2022

Note 5. Related Party Transactions/Activity

Yorktown Management & Financial Services, LLC

Yorktown Management & Financial Services, LLC (“Yorktown”), an entity wholly-owned by Greystone’s President and CEO, owns and rents to Greystone (1) grinding equipment used to grind raw materials for Greystone’s pallet production and (2) extruders for pelletizing recycled plastic into pellets for resale and for use as raw material in the manufacture of pallets. GSM pays weekly rental fees to Yorktown of $27,500 for use of Yorktown’s grinding equipment and pelletizing equipment. Rental fees were $1,072,500 for the each of the nine months ended February 28, 2022 and 2021.

Greystone paid Yorktown office rents totaling $38,400 and $36,000 during the nine months ended February 28, 2022 and 2021, respectively. Greystone prepaid $99,710 to Yorktown as a prepayment for lease rentals and rents on office space in consideration for a 50% reduction on office rent on the last scheduled payment under the office lease.

TriEnda Holdings, L.L.C.

TriEnda Holdings, L.L.C. (“TriEnda”) is a manufacturer of plastic pallets, protective packing and dunnage utilizing thermoform processing for which Warren F. Kruger, Greystone’s President and CEO, serves TriEnda as the non-executive Chairman of the Board and is a partner in a partnership which has a majority ownership interest in TriEnda. Greystone may purchase pallets from TriEnda for resale or sell Greystone pallets to TriEnda. During the nine months ended February 28, 2022 and 2021, Greystone purchases from TriEnda totaled $4,222 and $52,356, respectively, and sales to TriEnda totaled $62,089 and $54,871, respectively. As of February 28, 2022, TriEnda owed $88,204 to Greystone.

Green Plastic Pallets

Greystone sells plastic pallets to Green Plastic Pallets (“Green”), an entity that is owned by James Kruger, brother to Warren Kruger, Greystone’s President and CEO. Greystone had sales to Green of $348,330 and $343,350 for the nine months ended February 28, 2022 and 2021, respectively. The account receivable due from Green as of February 28, 2022 was $23,970.