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

(in thousands)

August 31, 2025

May 31, 2025

Assets

Right-of-use asset

$

98

$

130

Liabilities

Current operating lease liability

$

105

$

141

Non-current operating lease liability

 

 

Total operating lease liability

$

105

$

141

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of August 31, 2025 (in thousands):

Fiscal Year

Amount

2026 - 9 months remaining

$

123

Thereafter

Total operating lease payments

123

Less: imputed interest

(18)

Present value of operating lease liabilities

$

105

Schedule of supplemental information relating to operating leases

August 31, 2025

Weighted average remaining lease term

0.7

years

Weighted average discount rate

10.0

%