Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

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

As of May 31, 2023, the future commitments pursuant to these agreements are estimated as follows (in thousands):

​

​

​

​

Fiscal Year

    

Amount

2024

​

$

156,388

2025

​

$

76,400

2026 and thereafter

​

​

—

Total

​

$

232,788

Schedule of operating lease balances

​

​

​

​

​

​

​

​

​

​

​

​

​

(in thousands)

​

​

May 31, 2023

​

​

May 31, 2022

​

Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

400

​

$

536

​

Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

139

​

$

134

​

Non-current operating lease liability

​

 

283

​

 

422

​

Total operating lease liability

​

$

422

​

$

556

​

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2023 are expected to be as follows (in thousands):

​

​

​

​

Fiscal Year

​

Amount

2024

​

$

182

2025

​

​

185

2026

​

​

169

Total operating lease payments

​

​

536

Less: imputed interest

​

​

(114)

Present value of operating lease liabilities

​

$

422

Schedule of supplemental information relating to operating leases

​

​

​

​

​

​

​

May 31, 2023

Weighted average remaining lease term

​

2.9

years

Weighted average discount rate

​

10.0

%