CASH, CASH EQUIVALENTS AND INVESTMENTS

6 Months Ended

Nov. 30, 2022

CASH, CASH EQUIVALENTS AND INVESTMENTS

CASH, CASH EQUIVALENTS AND INVESTMENTS

5. CASH, CASH EQUIVALENTS AND INVESTMENTS

The following table summarizes the Company’s cash, cash equivalents and investments by security type at November 30, 2022 (in thousands):

	Cost		Gross Unrealized Loss		Estimated Fair Value
Cash	$	3,673	$	-	$	3,673
Cash equivalents:
Money market funds		11,228		-		11,228
U.S. treasury securities		3,973		-		3,973
Total cash equivalents		15,201		-		15,201
Total cash and cash equivalents	$	18,874	$	-	$	18,874
Short-term investments:
U.S. treasury securities	$	17,716	$	6	$	17,710
Long-term investments:
Money market funds	$	80		-	$	80
Total cash, cash equivalents and investments	$	36,670	$	6	$	36,664

Long-term investments are included in other assets on the accompanying condensed consolidated balance sheets.

Unrealized gains and temporary losses on investments classified as available-for-sale are included within accumulated other comprehensive loss, net of any related tax effect. Upon realization, those amounts are reclassified from accumulated other comprehensive loss to results of operations.

The unrealized loss of $6,000 as of November 30, 2022 is not considered other-than-temporary, and has been in an unrealized loss position for less than a year.