Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
9 Months Ended
Feb. 28, 2026
Commitments and Contingencies.  
Schedule of operating lease balances

(in thousands)

February 28, 2026

May 31, 2025

Assets

Right-of-use asset

$

33

$

130

Liabilities

Current operating lease liability

$

34

$

141

Non-current operating lease liability

 

 

Total operating lease liability

$

34

$

141

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of February 28, 2026 (in thousands):

Fiscal Year

Amount

2026 - 3 months remaining

$

31

Thereafter

Total operating lease payments

31

Less: imputed interest

3

Present value of operating lease liabilities

$

34

Schedule of supplemental information relating to operating leases

February 28, 2026

Weighted average remaining lease term

0.2

years

Weighted average discount rate

10.0

%