SEGMENT AND CONCENTRATION INFORMATION

6 Months Ended

Nov. 30, 2022

SEGMENT AND CONCENTRATION INFORMATION

SEGMENT AND CONCENTRATION INFORMATION

17. 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):

	November 30,		May 31,
	2022		2022
United States	$	1,210	$	1,156
Asia		53		47
Europe		-		-
	$	1,263	$	1,203

As of November 30, 2022, the operating lease right-of-use assets of $479,000 and $82,000 are allocated in the United States and Asia, respectively.

There were no revenues through distributors for the three and six months ended November 30, 2022 and 2021.

Sales to the Company’s five largest customers accounted for approximately 98% of its net sales for both the three and six months ended November 30, 2022. Two customers accounted for approximately 79% and 15% of the Company’s net sales in the three months ended November 30, 2022. Two customers accounted for approximately 74% and 18% of the Company’s net sales in the six months ended November 30, 2022. Sales to the Company’s five largest customers accounted for approximately 98% and 96% of its net sales in the three and six months ended November 30, 2021, respectively. One customer accounted for approximately 82% of the Company’s net sales in the three months ended November 30, 2021. One customer accounted for approximately 77% of the Company’s net sales in the six months ended November 30, 2021. No other customers represented more than 10% of the Company’s net sales in the three and six months ended November 30, 2022 and 2021.