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

(in thousands)

May 31, 2025

May 31, 2024

Assets

Right-of-use asset

$

130

$

264

Liabilities

Current operating lease liability

$

141

$

142

Non-current operating lease liability

 

 

141

Total operating lease liability

$

141

$

283

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):

Fiscal Year

Amount

2026

$

169

Thereafter

Total operating lease payments

169

Less: imputed interest

(28)

Present value of operating lease liabilities

$

141

Schedule of supplemental information relating to operating leases

May 31, 2025

Weighted average remaining lease term

0.9

years

Weighted average discount rate

10.0

%