CASH, CASH EQUIVALENTS AND INVESTMENTS

9 Months Ended

Feb. 28, 2023

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 as of February 28, 2023 (in thousands):

	Cost		Gross Unrealized Loss			Estimated Fair Value
Cash	$	1,479	$	-		$	1,479
Cash equivalents:
Money market funds		11,726		-			11,726
U.S. treasury securities		3,983		-			3,983
Total cash equivalents		15,709		-			15,709
Total cash and cash equivalents	$	17,188	$	-		$	17,188
Short-term investments:
U.S. treasury securities	$	25,599	$	(22	)	$	25,577
Long-term investments:
Money market funds	$	150		-		$	150
Total cash, cash equivalents and investments	$	42,937	$	(22	)	$	42,915

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 $22,000 as of February 28, 2023 is not considered other-than-temporary, and has been in an unrealized loss position for less than a year.