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

Commitments and Contingencies (Tables)

v3.25.2
Commitments and Contingencies (Tables)
12 Months Ended
May 31, 2025
Commitments and Contingencies.  
Schedule of operating lease balances

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(in thousands)

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​

May 31, 2025

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​

May 31, 2024

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Assets

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​

​

​

​

​

​

Right-of-use asset

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$

130

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$

264

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Liabilities

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​

​

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Current operating lease liability

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$

141

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$

142

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Non-current operating lease liability

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—

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141

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Total operating lease liability

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$

141

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$

283

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Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2025, are expected to be as follows (in thousands):

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Fiscal Year

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Amount

2026

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$

169

Thereafter

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​

—

Total operating lease payments

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​

169

Less: imputed interest

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​

(28)

Present value of operating lease liabilities

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$

141

Schedule of supplemental information relating to operating leases

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May 31, 2025

Weighted average remaining lease term

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0.9

years

Weighted average discount rate

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10.0

%