Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.1.u1
Commitments and Contingencies (Tables)
9 Months Ended
Feb. 29, 2024
Commitments and Contingencies.  
Schedule of future commitments . Revenue is defined in the Side Letter as:
Schedule of operating lease balances

(in thousands)

February 29, 2024

May 31, 2023

Assets

Right-of-use asset

$

298

$

400

Liabilities

Current operating lease liability

$

142

$

139

Non-current operating lease liability

 

176

 

283

Total operating lease liability

$

318

$

422

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of February 29, 2024 (in thousands):

Fiscal Year

Amount

2024 (3 months remaining)

$

46

2025

185

2026

169

Thereafter

Total operating lease payments

400

Less: imputed interest

(82)

Present value of operating lease liabilities

$

318

Schedule of supplemental information relating to operating leases

February 29, 2024

Weighted average remaining lease term

2.1

years

Weighted average discount rate

10.0

%