Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.4
Commitments and Contingencies (Tables)
6 Months Ended
Nov. 30, 2025
Commitments and Contingencies.  
Schedule of operating lease balances

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(in thousands)

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November 30, 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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$

65

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$

130

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Liabilities

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Current operating lease liability

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$

69

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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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$

69

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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 November 30, 2025 (in thousands):

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Fiscal Year

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Amount

2026 - 6 months remaining

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$

77

Thereafter

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—

Total operating lease payments

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77

Less: imputed interest

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(8)

Present value of operating lease liabilities

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$

69

Schedule of supplemental information relating to operating leases

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November 30, 2025

Weighted average remaining lease term

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0.4

years

Weighted average discount rate

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10.0

%