Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities

v3.22.1
Accounts Payable and Accrued Liabilities
9 Months Ended
Feb. 28, 2022
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities

Note 5. Accounts Payable and Accrued Liabilities

As of February 28, 2022 and May 31, 2021, the accounts payable balance was $62.4 million and $65.9 million, respectively, with two vendors accounting for 62% and 19% and 72% and 14%, respectively, of the total balance of accounts payable and accrued liabilities.

The components of accrued liabilities are as follows:

(in thousands)

February 28, 2022

    

May 31, 2021

Compensation and related expense

$

1,637

$

4,005

Legal settlement and fees

3,259

11,008

Other liabilities

 

4,522

 

4,060

Total accrued liabilities

$

9,418

$

19,073

As of February 28, 2022, the entire amount of Accrued legal settlement and fees primarily related to accrued legal fees. As of May 31, 2021, $11.0 million of Accrued legal settlement and fees was comprised of $10.6 million related to legal settlements, with the remaining amount related to accrued legal fees.