Post-effective amendment to a registration statement that is not immediately effective upon filing

Commitments and Contingencies (Tables)

v3.25.3
Commitments and Contingencies (Tables)
3 Months Ended 12 Months Ended
Aug. 31, 2025
May 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

(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 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

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

August 31, 2025

Weighted average remaining lease term

0.7

years

Weighted average discount rate

10.0

%

May 31, 2025

Weighted average remaining lease term

0.9

years

Weighted average discount rate

10.0

%