Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities and Compensation

v3.23.1
Accounts Payable and Accrued Liabilities and Compensation
9 Months Ended
Feb. 28, 2023
Accounts Payable and Accrued Liabilities and Compensation  
Accounts Payable and Accrued Liabilities and Compensation

Note 4. Accounts Payable and Accrued Liabilities and Compensation

As of February 28, 2023 and May 31, 2022, the accounts payable balance was approximately $62.7 million and $68.0 million, respectively, with two vendors accounting for 74% and 73% of the total balance of accounts payable at the respective dates.

The components of accrued liabilities and compensation are as follows (in thousands):

February 28, 2023

May 31, 2022

Compensation and related expense

$

410

$

1,522

Legal fees and settlement

1,207

2,006

Clinical expense

913

3,727

Accrued inventory charges and expenses

 

4,075

 

1,392

License fees

628

150

Lease payable

138

134

Investor proceeds held in escrow

897

Other liabilities

30

64

Total accrued liabilities

$

8,298

$

8,995