General form for registration of securities under the Securities Act of 1933

Commitments and Contingencies (Tables)

v3.26.1
Commitments and Contingencies (Tables)
9 Months Ended 12 Months Ended
Feb. 28, 2026
May 31, 2025
Commitments and Contingencies.    
Schedule of operating lease balances

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​

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(in thousands)

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​

February 28, 2026

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​

May 31, 2025

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Assets

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​

​

​

​

​

​

Right-of-use asset

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$

33

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$

130

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Liabilities

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​

​

​

​

​

​

Current operating lease liability

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$

34

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$

141

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Non-current operating lease liability

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—

​

 

—

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Total operating lease liability

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$

34

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$

141

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​

​

​

​

​

​

​

​

​

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(in thousands)

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​

May 31, 2025

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​

May 31, 2024

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Assets

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​

​

​

​

​

​

Right-of-use asset

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$

130

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$

264

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Liabilities

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​

​

​

​

​

​

Current operating lease liability

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$

141

​

$

142

​

Non-current operating lease liability

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—

​

 

141

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Total operating lease liability

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$

141

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$

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 February 28, 2026 (in thousands):

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Fiscal Year

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Amount

2026 - 3 months remaining

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$

31

Thereafter

​

​

—

Total operating lease payments

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​

31

Less: imputed interest

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​

3

Present value of operating lease liabilities

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$

34

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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​

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Fiscal Year

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Amount

2026

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$

169

Thereafter

​

​

—

Total operating lease payments

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​

169

Less: imputed interest

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​

(28)

Present value of operating lease liabilities

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$

141

Schedule of supplemental information relating to operating leases

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​

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​

​

​

February 28, 2026

Weighted average remaining lease term

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0.2

years

Weighted average discount rate

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10.0

%

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​

​

​

​

​

​

May 31, 2025

Weighted average remaining lease term

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0.9

years

Weighted average discount rate

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10.0

%