Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.3
Commitments and Contingencies (Tables)
3 Months Ended
Aug. 31, 2024
Commitments and Contingencies.  
Schedule of operating lease balances

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​

​

​

​

​

​

​

​

​

​

​

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(in thousands)

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​

August 31, 2024

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​

May 31, 2024

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Assets

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​

​

​

​

​

​

Right-of-use asset

​

$

230

​

$

264

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Liabilities

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​

​

​

​

​

​

Current operating lease liability

​

$

142

​

$

142

​

Non-current operating lease liability

​

 

105

​

 

141

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Total operating lease liability

​

$

247

​

$

283

​

Schedule of the minimum (base rental) lease payments

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The minimum (base rental) lease payments are expected to be as follows as of August 31, 2024 (in thousands):

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​

​

​

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Fiscal Year

​

Amount

2025 - 9 months remaining

​

$

139

2026

​

​

169

Thereafter

​

​

—

Total operating lease payments

​

​

308

Less: imputed interest

​

​

(61)

Present value of operating lease liabilities

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$

247

Schedule of supplemental information relating to operating leases

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​

​

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​

​

​

August 31, 2024

Weighted average remaining lease term

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1.7

years

Weighted average discount rate

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10.0

%