Related Party Transactions/Activity	3 Months Ended
Aug. 31, 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 CEO and President, 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 $357,500 for each of the three months ended August 31, 2022 and 2021. Effective January 1, 2017, Greystone and Yorktown entered into a five-year lease for office space at a monthly rental of $4,000 per month with a one-year extension at $5,200 per month which was executed by Greystone. Total rent expense was $15,600 and $12,000 for the three months ended August 31, 2022 and 2021, respectively. TriEnda Holdings, L.L.C. TriEnda Holdings, L.L.C. (“TriEnda”) is a manufacturer of plastic pallets, protective packaging 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 three months ended August 31, 2022 and 2021, Greystone purchases from TriEnda totaled $-0- and $27,104, respectively and sales to TriEnda totaled $5,689 and $30,630, respectively. As of August 31, 2022, TriEnda owed $157,841 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 $180,540 and $160,650 for the three months ended August 31, 2022 and 2021, respectively. The account receivable due from Green as of August 31, 2022 was $55,590.

Related Party Transactions/Activity

3 Months Ended

Aug. 31, 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 CEO and President, 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 $357,500 for each of the three months ended August 31, 2022 and 2021.

Effective January 1, 2017, Greystone and Yorktown entered into a five-year lease for office space at a monthly rental of $4,000 per month with a one-year extension at $5,200 per month which was executed by Greystone. Total rent expense was $15,600 and $12,000 for the three months ended August 31, 2022 and 2021, respectively.

TriEnda Holdings, L.L.C.

TriEnda Holdings, L.L.C. (“TriEnda”) is a manufacturer of plastic pallets, protective packaging 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 three months ended August 31, 2022 and 2021, Greystone purchases from TriEnda totaled $-0- and $27,104, respectively and sales to TriEnda totaled $5,689 and $30,630, respectively. As of August 31, 2022, TriEnda owed $157,841 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 $180,540 and $160,650 for the three months ended August 31, 2022 and 2021, respectively. The account receivable due from Green as of August 31, 2022 was $55,590.