Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.24.4
Commitments and Contingencies (Tables)
6 Months Ended
Nov. 30, 2024
Commitments and Contingencies.  
Schedule of operating lease balances

(in thousands)

November 30, 2024

May 31, 2024

Assets

Right-of-use asset

$

196

$

264

Liabilities

Current operating lease liability

$

141

$

142

Non-current operating lease liability

 

69

 

141

Total operating lease liability

$

210

$

283

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of November 30, 2024 (in thousands):

Fiscal Year

Amount

2025 - 6 months remaining

$

92

2026

169

Thereafter

Total operating lease payments

261

Less: imputed interest

(51)

Present value of operating lease liabilities

$

210

Schedule of supplemental information relating to operating leases

November 30, 2024

Weighted average remaining lease term

1.4

years

Weighted average discount rate

10.0

%