Annual report [Section 13 and 15(d), not S-K Item 405]

Commitments and Contingencies (Tables)

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

(in thousands)

 

 

May 31, 2026

 

 

 

May 31, 2025

 

Assets

 

 

 

 

 

 

 

 

Right-of-use asset

 

$

 

73

 

 

$

 

130

 

Liabilities

 

 

 

 

 

 

 

 

Current operating lease liability

 

$

 

23

 

 

$

 

141

 

Non-current operating lease liability

 

 

 

53

 

 

 

 

 

Total operating lease liability

 

$

 

76

 

 

$

 

141

 

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2026, are expected to be as follows (in thousands):

 

Fiscal Year

 

Amount

 

2027

 

$

 

27

 

2028

 

 

 

28

 

2029

 

 

 

29

 

Thereafter

 

 

 

 

Total operating lease payments

 

 

 

84

 

Less: imputed interest

 

 

 

(8

)

Present value of operating lease liabilities

 

$

 

76

 

Schedule of supplemental information relating to operating leases

 

 

May 31, 2026

Weighted average remaining lease term

 

 

3.0

 

 years

Weighted average discount rate

 

 

7

 

 %