LEASES (Tables)

9 Months Ended

Feb. 28, 2022

Leases [Abstract]

Balance sheet presentation of lease assets and liabilities

Balance sheet presentation of lease assets and liabilities, net is as follows:

Lease Type	Consolidated Balance Sheet Location	February 28, 2022
Operating Lease Assets	Right of use asset, net	$	1,142
Finance lease assets	Right of use asset, net	$	65
Total lease assets		$	1,207
Operating Lease liabilities	Current portion of operating lease liability	$	185
Operating Lease liabilities	Long-term Portion of Lease Liability	$	969
Total Operating Lease Liabilties		$	1,154
Finance lease liabilities	Current portion of lease liability	$	26
Finance Lease liabilities	Long-term portion of lease liability	$	40
Total Finance Lease Liabilities		$	66
Total lease liabilities		$	1,220

Summary of lease cost, supplemental cash flow and other information

The Company’s lease cost under ASC 842 is as follows:

		3 Months Ended		9 Months Ended
Lease Type	Consolidated Statements of Income Location	February 28, 2022		February 28, 2022
Operating lease expense	Selling, General and Administrative	$	78	$	243
Finance lease expense	Selling, General and Administrative	$	2	$	2
Short-term lease expense	Selling, General and Administrative	$	20	$	39
Total Lease Cost		$	100	$	284

Supplemental cash flow and other information related to leases is as follows:

Weighted-average months remaining	55 months
Weighted-average discount rate	12.20		%
Cash flows from operating leases	$	233
Cash flows from finance leases	$	2

Schedule of future minimum finance lease payments

The following table represents the Company’s future minimum operating lease payments as of February 28, 2022, under ASC 842 (in thousands):

Year	Operating Leases		Finance Leases		Total
FY22	$	78	$	7	$	85
FY23	318		29		347
FY24	326		29		355
FY25	334		6		340
FY26	342		—		342
Beyond	176		—		176
Total	$	1,574	$	71	$	1,645
Present Value of lease liabilities	$	1,154	$	66	$	1,220
Less Current portion of lease liability	$	185	$	26	$	211
Long-term portion of lease liability	$	969	$	40	$	1,009

Schedule of future minimum operating lease payments

The following table represents the Company’s future minimum operating lease payments as of February 28, 2022, under ASC 842 (in thousands):

Year	Operating Leases		Finance Leases		Total
FY22	$	78	$	7	$	85
FY23	318		29		347
FY24	326		29		355
FY25	334		6		340
FY26	342		—		342
Beyond	176		—		176
Total	$	1,574	$	71	$	1,645
Present Value of lease liabilities	$	1,154	$	66	$	1,220
Less Current portion of lease liability	$	185	$	26	$	211
Long-term portion of lease liability	$	969	$	40	$	1,009