Annual report [Section 13 and 15(d), not S-K Item 405]

Accrued Liabilities

v3.25.2
Accrued Liabilities
12 Months Ended
May 31, 2025
Accrued Liabilities  
Accrued Liabilities

Note 3. Accrued Liabilities

The components of accrued liabilities were as follows (in thousands):

(in thousands)

May 31, 2025

May 31, 2024

Compensation and related expense

$

278

$

208

Legal fees and settlement

50

7

Clinical expense

487

329

License fees

1,105

1,799

Lease payable

141

142

Investor proceeds held in escrow

300

Other liabilities

145

25

Total accrued liabilities

$

2,206

$

2,810

As of May 31, 2025 and 2024, the accrued legal fees and settlement balance was primarily related to legal fees.