Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities

v3.22.2.2
Accounts Payable and Accrued Liabilities
3 Months Ended
Aug. 31, 2022
Accounts Payable and Accrued Liabilities  
Accounts Payable and Accrued Liabilities

Note 4. Accounts Payable and Accrued Liabilities

As of August 31, 2022 and May 31, 2022, the accounts payable balance was approximately $69.0 million and $68.0 million, respectively, with two vendors accounting for 69% and 73% of the total balance of accounts payable at the respective dates.

The components of accrued liabilities are as follows (in thousands):

August 31, 2022

May 31, 2022

Compensation and related expense

$

792

$

1,522

Legal fees and settlement

1,017

2,006

Clinical expense

311

3,727

Unbilled inventory

 

2,218

 

1,392

License fees

541

150

Lease payable

135

134

Other liabilities

-

64

Total accrued liabilities

$

5,014

$

8,995