SEGMENT AND CONCENTRATION INFORMATION

3 Months Ended

Aug. 31, 2021

SEGMENT AND CONCENTRATION INFORMATION

15. SEGMENT AND CONCENTRATION INFORMATION

15. SEGMENT AND CONCENTRATION INFORMATION

The Company has only one reportable segment. The information for revenue category by type, product line, geography and timing of revenue recognition, is summarized in Note “3. REVENUE.”

Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas (in thousands):

	August 31,		May 31,
	2021		2021
United States	$	640	$	647
Asia		36		30
Europe		-		-
	$	676	$	677

As of August 31, 2021, the operating lease right-of-use assets of $1,320,000 and $117,000 are allocated in the United States and Asia, respectively.

There were no revenues through distributors for the three months ended August 31, 2021 and 2020.

Sales to the Company’s five largest customers accounted for approximately 95% and 81% of its net sales for the three months ended August 31, 2021 and 2020, respectively. Two customers accounted for approximately 69% and 16% of the Company’s net sales in the three months ended August 31, 2021. Four customers accounted for approximately 21%,19%, 17%, and 15% of the Company’s net sales in the three months ended August 31, 2020. No other customers represented more than 10% of the Company's net sales for either of the three months ended August 31, 2021 and 2020.