Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.24.2.u1
Commitments and Contingencies (Tables)
12 Months Ended
May 31, 2024
Commitments and Contingencies.  
Schedule of operating lease balances

​

​

​

​

​

​

​

​

​

​

​

​

​

(in thousands)

​

​

May 31, 2024

​

​

May 31, 2023

​

Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

264

​

$

400

​

Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

142

​

$

139

​

Non-current operating lease liability

​

 

141

​

 

283

​

Total operating lease liability

​

$

283

​

$

422

​

Schedule of the minimum (base rental) lease payments

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​

​

​

​

​

​

​

​

​

​

​

​

(in thousands)

​

​

May 31, 2024

​

​

May 31, 2023

​

Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

264

​

$

400

​

Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

142

​

$

139

​

Non-current operating lease liability

​

 

141

​

 

283

​

Total operating lease liability

​

$

283

​

$

422

​

​

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2024, are expected to be as follows (in thousands):

​

​

​

​

Fiscal Year

​

Amount

2025

​

$

185

2026

​

​

169

Thereafter

​

​

—

Total operating lease payments

​

​

354

Less: imputed interest

​

​

(71)

Present value of operating lease liabilities

​

$

283

Schedule of supplemental information relating to operating leases

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​

​

​

​

​

​

May 31, 2024

Weighted average remaining lease term

​

1.9

years

Weighted average discount rate

​

10.0

%