Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.3
Commitments and Contingencies (Tables)
3 Months Ended
Aug. 31, 2024
Commitments and Contingencies.  
Schedule of operating lease balances

(in thousands)

August 31, 2024

May 31, 2024

Assets

Right-of-use asset

$

230

$

264

Liabilities

Current operating lease liability

$

142

$

142

Non-current operating lease liability

 

105

 

141

Total operating lease liability

$

247

$

283

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of August 31, 2024 (in thousands):

Fiscal Year

Amount

2025 - 9 months remaining

$

139

2026

169

Thereafter

Total operating lease payments

308

Less: imputed interest

(61)

Present value of operating lease liabilities

$

247

Schedule of supplemental information relating to operating leases

August 31, 2024

Weighted average remaining lease term

1.7

years

Weighted average discount rate

10.0

%