Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Liabilities

v3.22.4
Accounts Payable and Accrued Liabilities
6 Months Ended
Nov. 30, 2022
Accounts Payable and Accrued Liabilities  
Accounts Payable and Accrued Liabilities

Note 4. Accounts Payable and Accrued Liabilities

As of November 30, 2022 and May 31, 2022, the accounts payable balance was approximately $67.2 million and $68.0 million, respectively, with two vendors accounting for 70% and 73% of the total balance of accounts payable at the respective dates.

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

November 30, 2022

May 31, 2022

Compensation and related expense

$

496

$

1,522

Legal fees and settlement

166

2,006

Clinical expense

1,176

3,727

Accrued inventory charges and expenses

 

3,155

 

1,392

License fees

393

150

Lease payable

136

134

Other liabilities

200

64

Total accrued liabilities

$

5,722

$

8,995