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

(in thousands)

November 30, 2025

May 31, 2025

Assets

Right-of-use asset

$

65

$

130

Liabilities

Current operating lease liability

$

69

$

141

Non-current operating lease liability

 

 

Total operating lease liability

$

69

$

141

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of November 30, 2025 (in thousands):

Fiscal Year

Amount

2026 - 6 months remaining

$

77

Thereafter

Total operating lease payments

77

Less: imputed interest

(8)

Present value of operating lease liabilities

$

69

Schedule of supplemental information relating to operating leases

November 30, 2025

Weighted average remaining lease term

0.4

years

Weighted average discount rate

10.0

%