Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.22.2.2
Commitments and Contingencies (Tables)
12 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future commitments

Fiscal Year

    

Amount

2023

$

34,638

2024

121,750

2025

76,400

2026 and thereafter

Total

$

232,788

Summary of presentation of the operating lease in balance sheet

The following table summarizes the presentation of the operating leases in our consolidated balance sheet at May 31, 2022 and 2021:

As of May 31,

(in thousands)

2022

2021

Assets

Right of use asset

$

536

$

712

Liabilities

Current operating lease liability

$

134

$

175

Non-current operating lease liability

 

422

 

552

Total operating lease liability

$

556

$

727

Schedule of the minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities

The minimum (base rental) lease payments reconciled to the carrying value of the operating lease liabilities as of May 31, 2022 are expected to be as follows (in thousands):

Fiscal Year

Amount

2023

$

177

2024

182

2025

185

2026

208

Total operating lease payments

752

Less: imputed interest

(196)

Present value of operating lease liabilities

$

556