Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.23.4
Commitments and Contingencies (Tables)
6 Months Ended
Nov. 30, 2023
Commitments and Contingencies.  
Schedule of future commitments

As of November 30, 2023, the future commitments pursuant to these agreements were estimated as follows (in thousands):

Fiscal Year

    

Amount

2024 (6 months remaining)

$

156,388

2025

76,400

2026 and thereafter

Total

$

232,788

Schedule of operating lease balances

(in thousands)

November 30, 2023

May 31, 2023

Assets

Right-of-use asset

$

332

$

400

Liabilities

Current operating lease liability

$

142

$

139

Non-current operating lease liability

 

211

 

283

Total operating lease liability

$

353

$

422

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of November 30, 2023 (in thousands):

Fiscal Year

Amount

2024 (6 months remaining)

$

91

2025

185

2026

169

Thereafter

Total operating lease payments

445

Less: imputed interest

(92)

Present value of operating lease liabilities

$

353

Schedule of supplemental information relating to operating leases

November 30, 2023

Weighted average remaining lease term

2.4

years

Weighted average discount rate

10.0

%