Post-effective amendment to a registration statement that is not immediately effective upon filing

Commitments and Contingencies (Tables)

v3.23.3
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

%