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

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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

​

​

​

​

​

​

​

Right-of-use asset

​

$

98

​

$

130

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Liabilities

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​

​

​

​

​

​

Current operating lease liability

​

$

105

​

$

141

​

Non-current operating lease liability

​

 

—

​

 

—

​

Total operating lease liability

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$

105

​

$

141

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​

​

​

​

​

​

​

​

​

​

​

​

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(in thousands)

​

​

May 31, 2025

​

​

May 31, 2024

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Assets

​

​

​

​

​

​

​

Right-of-use asset

​

$

130

​

$

264

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Liabilities

​

​

​

​

​

​

​

Current operating lease liability

​

$

141

​

$

142

​

Non-current operating lease liability

​

 

—

​

 

141

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Total operating lease liability

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$

141

​

$

283

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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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​

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Fiscal Year

​

Amount

2026 - 9 months remaining

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$

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):

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​

​

​

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

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​

​

​

​

​

​

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

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0.9

years

Weighted average discount rate

​

10.0

%