v3.26.3
Commitments and Contingencies (Tables)
3 Months Ended
Aug. 31, 2026
Commitments and Contingencies.  
Schedule of the minimum (base rental) lease payments

The minimum (base rental) lease payments are expected to be as follows as of August 31, 2026 (in thousands):

 

Fiscal Year

 

Amount

 

2027 - 9 months remaining

 

$

 

20

 

2028

 

 

 

28

 

2029

 

 

 

29

 

Thereafter

 

 

 

—

 

Total operating lease payments

 

 

 

77

 

Less: imputed interest

 

 

 

(7

)

Present value of operating lease liabilities

 

$

 

70

 

Schedule of operating lease balances The following table summarizes the operating lease balances:

 

(in thousands)

 

 

August 31, 2026

 

 

 

May 31, 2026

 

Assets

 

 

 

 

 

 

 

 

Right-of-use asset

 

$

 

68

 

 

$

 

73

 

Liabilities

 

 

 

 

 

 

 

 

Current operating lease liability

 

$

 

23

 

 

$

 

23

 

Non-current operating lease liability

 

 

 

47

 

 

 

 

53

 

Total operating lease liability

 

$

 

70

 

 

$

 

76

 

Schedule of supplemental information relating to operating leases

Supplemental information related to operating leases was as follows:

 

 

 

August 31, 2026

Weighted average remaining lease term

 

 

2.8

 

 years

Weighted average discount rate

 

 

7

 

 %