| Schedule of Property and Equipment |
Property
and equipment consisted of the following as of February 28, 2026 and May 31, 2025 (in thousands):
Schedule of Property and Equipment
| | |
Estimated Useful Life | |
February 28, 2026 | | |
May 31, 2025 | |
| Networking equipment, electrical equipment, and software | |
3 years - 5 years | |
$ | 672 | | |
$ | 672 | |
| Leasehold improvements | |
3 years - 7 years | |
| 697 | | |
| 697 | |
| Construction in progress | |
| |
| 3,361 | | |
| 3,331 | |
| Other equipment and fixtures | |
5 years - 7 years | |
| 33,149 | | |
| 8,900 | |
| Total cost of property and equipment | |
| |
| 37,879 | | |
| 13,600 | |
| Accumulated depreciation | |
| |
| (5,374 | ) | |
| (2,678 | ) |
| Property and equipment, net | |
| |
$ | 32,505 | | |
$ | 10,922 | |
|
Property
and equipment, net consisted of the following as of May 31, 2025 and 2024 (in thousands):
Schedule of Property and Equipment
| | |
Estimated Useful Life | |
May
31, 2025 | | |
May
31, 2024 | |
| Networking equipment, electrical
equipment, and software | |
3 years - 5 years | |
$ | 672 | | |
$ | 333 | |
| Leasehold improvements | |
3 years - 7 years | |
| 697 | | |
| 607 | |
| Construction in progress | |
| |
| 3,331 | | |
| 3,293 | |
| Other equipment and fixtures | |
5 years - 7 years | |
| 8,900 | | |
| 7,791 | |
| Total cost of property and equipment | |
| |
| 13,600 | | |
| 12,024 | |
| Accumulated depreciation | |
| |
| (2,678 | ) | |
| (746 | ) |
| Property and equipment,
net | |
| |
$ | 10,922 | | |
$ | 11,278 | |
|