Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
12 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future commitments

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​

​

​

​

Fiscal Year

    

Amount

2023

​

$

34,638

2024

​

​

121,750

2025

​

​

76,400

2026 and thereafter

​

​

—

Total

​

$

232,788

Summary of presentation of the operating lease in balance sheet

The following table summarizes the presentation of the operating leases in our consolidated balance sheet at May 31, 2022 and 2021:

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​

​

​

​

​

​

​

​

​

As of May 31,

(in thousands)

​

2022

​

2021

Assets

​

​

​

​

​

​

Right of use asset

​

$

536

​

$

712

Liabilities

​

​

​

​

​

​

Current operating lease liability

​

$

134

​

$

175

Non-current operating lease liability

​

 

422

​

 

552

Total operating lease liability

​

$

556

​

$

727

Schedule of the minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2022 are expected to be as follows (in thousands):

​

​

​

​

Fiscal Year

​

Amount

2023

​

$

177

2024

​

​

182

2025

​

​

185

2026

​

​

208

Total operating lease payments

​

​

752

Less: imputed interest

​

​

(196)

Present value of operating lease liabilities

​

$

556