General form of registration statement for all companies including face-amount certificate companies

Commitments and Contingencies (Tables)

v3.24.0.1
Commitments and Contingencies (Tables)
6 Months Ended 12 Months Ended
Nov. 30, 2023
May 31, 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

As of May 31, 2023, the future commitments pursuant to these agreements are estimated as follows (in thousands):

Fiscal Year

    

Amount

2024

$

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

(in thousands)

May 31, 2023

May 31, 2022

Assets

Right-of-use asset

$

400

$

536

Liabilities

Current operating lease liability

$

139

$

134

Non-current operating lease liability

 

283

 

422

Total operating lease liability

$

422

$

556

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

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2023 are expected to be as follows (in thousands):

Fiscal Year

Amount

2024

$

182

2025

185

2026

169

Total operating lease payments

536

Less: imputed interest

(114)

Present value of operating lease liabilities

$

422

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

%

May 31, 2023

Weighted average remaining lease term

2.9

years

Weighted average discount rate

10.0

%