General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.23.2
Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Feb. 28, 2023
May 31, 2022
Commitments and Contingencies.    
Schedule of future commitments

​

​

​

​

​

Fiscal Year

    

Amount

2023 (3 months remaining)

​

$

34,638

2024

​

​

121,750

2025

​

​

76,400

2026 and thereafter

​

​

—

Total

​

$

232,788

​

​

​

​

​

Fiscal Year

    

Amount

2023

​

$

34,638

2024

​

​

121,750

2025

​

​

76,400

2026 and thereafter

​

​

—

Total

​

$

232,788

Schedule of operating lease balances

​

​

​

​

​

​

​

​

(in thousands)

    

​

February 28, 2023

    

​

May 31, 2022

Assets

​

​

​

​

​

​

Right-of-use asset

​

$

434

​

$

536

Liabilities

​

​

​

​

​

​

Current operating lease liability

​

$

138

​

$

134

Non-current operating lease liability

​

 

318

​

 

422

Total operating lease liability

​

$

456

​

$

556

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

​

​

​

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

​

​

​

​

​

Fiscal Year

    

Amount

2023 (3 months remaining)

​

$

45

2024

​

​

182

2025

​

​

185

2026

​

​

169

Total operating lease payments

​

​

581

Less: imputed interest

​

​

(125)

Present value of operating lease liabilities

​

$

456

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

Schedule of supplemental information relating to operating leases

​

​

​

​

​

​

    

February 28, 2023

Weighted average remaining lease term

​

3.1

years

Weighted average discount rate

​

10.0

%