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

Commitments and Contingencies (Tables)

v3.24.0.1
Commitments and Contingencies (Tables)
6 Months Ended 12 Months Ended
Nov. 30, 2023
May 31, 2023
Commitments and Contingencies.    
Schedule of future commitments

As of November 30, 2023, the future commitments pursuant to these agreements were estimated as follows (in thousands):

​

​

​

​

​

Fiscal Year

    

Amount

2024 (6 months remaining)

​

$

156,388

2025

​

​

76,400

2026 and thereafter

​

​

—

Total

​

$

232,788

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)

​

​

November 30, 2023

​

​

May 31, 2023

​

Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

332

​

$

400

​

Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

142

​

$

139

​

Non-current operating lease liability

​

 

211

​

 

283

​

Total operating lease liability

​

$

353

​

$

422

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(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 are expected to be as follows as of November 30, 2023 (in thousands):

​

​

​

​

​

Fiscal Year

​

Amount

2024 (6 months remaining)

​

$

91

2025

​

​

185

2026

​

​

169

Thereafter

​

​

—

Total operating lease payments

​

​

445

Less: imputed interest

​

​

(92)

Present value of operating lease liabilities

​

$

353

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

​

​

​

​

​

​

​

November 30, 2023

Weighted average remaining lease term

​

2.4

years

Weighted average discount rate

​

10.0

%

​

​

​

​

​

​

​

May 31, 2023

Weighted average remaining lease term

​

2.9

years

Weighted average discount rate

​

10.0

%