Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

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

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(in thousands)

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August 31, 2025

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May 31, 2025

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Assets

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Right-of-use asset

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$

98

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$

130

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Liabilities

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Current operating lease liability

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$

105

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$

141

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Non-current operating lease liability

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—

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—

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Total operating lease liability

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$

105

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$

141

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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, 2025 (in thousands):

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Fiscal Year

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Amount

2026 - 9 months remaining

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$

123

Thereafter

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​

—

Total operating lease payments

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​

123

Less: imputed interest

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(18)

Present value of operating lease liabilities

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$

105

Schedule of supplemental information relating to operating leases

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August 31, 2025

Weighted average remaining lease term

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0.7

years

Weighted average discount rate

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10.0

%