Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

v3.25.1
Commitments and Contingencies (Tables)
9 Months Ended
Feb. 28, 2025
Commitments and Contingencies.  
Schedule of operating lease balances

(in thousands)

February 28, 2025

May 31, 2024

Assets

Right-of-use asset

$

163

$

264

Liabilities

Current operating lease liability

$

142

$

142

Non-current operating lease liability

 

34

 

141

Total operating lease liability

$

176

$

283

Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of February 28, 2025 (in thousands):

Fiscal Year

Amount

2025 - 3 months remaining

$

46

2026

169

Thereafter

Total operating lease payments

215

Less: imputed interest

(39)

Present value of operating lease liabilities

$

176

Schedule of supplemental information relating to operating leases

February 28, 2025

Weighted average remaining lease term

1.2

years

Weighted average discount rate

10.0

%