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Commitments and Contingencies
12 Months Ended
May 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
(3)Commitments and Contingencies

 

A summary of noncancellable long-term operating lease commitments for facilities as of May 31, 2019 follows:

 

Fiscal Year  Amount 
2020  $348,000 
2021   209,000 
2022   161,000 
2023   40,000 
2024   - 
Thereafter   - 
Total  $758,000 

 

Total rent expenses under all lease agreements amounted to $388,000 and $369,000 in fiscal 2019 and 2018, respectively.

 

The Company has entered into employment agreements with two of its executive officers expiring in 2020 and 2022, respectively. The total remaining payments under these agreements is $1,495,000 at May 31, 2019.