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12. BORROWING AND FINANCING ARRANGEMENTS (Details Narrative) - Silicon Valley Bank
$ in Thousands
6 Months Ended
Nov. 30, 2020
USD ($)
Line of credit, maximum borrowing capacity $ 4,000
Variable interest rate The greater of (a) the prime rate plus an additional percentage of up to 1%, which additional percentage depends on the Company’s adjusted quick ratio, and (b) 4.75%.
Borrowing under revolving credit facility $ 0
Balance available to borrow under the line of credit $ 76