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

Commitments and Contingencies (Tables)

v3.24.2.u1
Commitments and Contingencies (Tables)
12 Months Ended
May 31, 2024
Commitments and Contingencies.  
Schedule of operating lease balances

(in thousands)

May 31, 2024

    

May 31, 2023

Assets

Right-of-use asset

$

264

$

400

Liabilities

Current operating lease liability

$

142

$

139

Non-current operating lease liability

 

141

 

283

Total operating lease liability

$

283

$

422

Schedule of the minimum (base rental) lease payments

(in thousands)

May 31, 2024

    

May 31, 2023

Assets

Right-of-use asset

$

264

$

400

Liabilities

Current operating lease liability

$

142

$

139

Non-current operating lease liability

 

141

 

283

Total operating lease liability

$

283

$

422

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2024, are expected to be as follows (in thousands):

Fiscal Year

    

Amount

2025

$

185

2026

169

Thereafter

Total operating lease payments

354

Less: imputed interest

(71)

Present value of operating lease liabilities

$

283

Schedule of supplemental information relating to operating leases

    

May 31, 2024

Weighted average remaining lease term

1.9

years

Weighted average discount rate

10.0

%