Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.1.u1
Commitments and Contingencies (Tables)
9 Months Ended
Feb. 29, 2024
Commitments and Contingencies.  
Schedule of future commitments . Revenue is defined in the Side Letter as:
Schedule of operating lease balances

​

​

​

​

​

​

​

​

​

​

​

​

​

(in thousands)

​

​

February 29, 2024

​

​

May 31, 2023

​

Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

298

​

$

400

​

Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

142

​

$

139

​

Non-current operating lease liability

​

 

176

​

 

283

​

Total operating lease liability

​

$

318

​

$

422

​

Schedule of the minimum (base rental) lease payments

​

The minimum (base rental) lease payments are expected to be as follows as of February 29, 2024 (in thousands):

​

​

​

​

​

Fiscal Year

​

Amount

2024 (3 months remaining)

​

$

46

2025

​

​

185

2026

​

​

169

Thereafter

​

​

—

Total operating lease payments

​

​

400

Less: imputed interest

​

​

(82)

Present value of operating lease liabilities

​

$

318

Schedule of supplemental information relating to operating leases

​

​

​

​

​

​

​

February 29, 2024

Weighted average remaining lease term

​

2.1

years

Weighted average discount rate

​

10.0

%