FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Feb. 28, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair value by hierarchy

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of February 28, 2022 (in thousands):

	Balance as of
	February 28, 2022		Level 1		Level 2		Level 3
Money market funds	$	30,584	$	30,584	$	-	$	-
Assets	$	30,584	$	30,584	$	-	$	-

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of May 31, 2021 (in thousands):

	Balance as of May 31, 2021		Level 1		Level 2		Level 3
Money market funds	$	580	$	580	$	-	$	-
Assets	$	580	$	580	$	-	$	-