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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2023
May 31, 2022
Current assets:    
Cash and cash equivalents $ 17,188 $ 31,484
Short-term investments 25,577 0
Trade and other accounts receivable, net 11,389 12,859
Inventories 21,619 15,051
Prepaid expenses and other current assets 808 613
Total current assets 76,581 60,007
Property and equipment, net 1,281 1,203
Operating lease right-of-use assets 6,293 917
Other assets 241 201
Total assets 84,396 62,328
Current liabilities:    
Accounts payable 4,988 4,195
Accrued expenses 3,489 3,610
Operating lease liabilities, short-term 68 794
Customer deposits and deferred revenue, short-term 843 2,415
Total current liabilities 9,388 11,014
Operating lease liabilities, long-term 6,324 212
Deferred revenue, long-term 8 69
Other long-term liabilities 42 44
Total liabilities 15,762 11,339
Shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 28,320 shares and 27,120 shares as of February 28, 2023 and May 31, 2022, respectively 283 271
Additional paid-in capital 126,930 117,686
Accumulated other comprehensive loss (162) (105)
Accumulated deficit (58,417) (66,863)
Total shareholders' equity 68,634 50,989
Total liabilities and shareholders' equity $ 84,396 $ 62,328