CASH, CASH EQUIVALENTS AND INVESTMENTS

12 Months Ended

May 31, 2023

CASH, CASH EQUIVALENTS AND INVESTMENTS

CASH, CASH EQUIVALENTS AND INVESTMENTS

4.  CASH, CASH EQUIVALENTS AND INVESTMENTS

The following table summarizes the Company’s cash, cash equivalents and investments by security type as of May 31, 2023 (in thousands):

	Cost		Gross Unrealized Loss			Estimated Fair Value
Cash	$	3,182	$	-		$	3,182
Cash equivalents:
Money market funds		26,872		-			26,872
Total cash and cash equivalents	$	30,054	$	-		$	30,054
Short-term investments:
U.S. treasury securities	$	17,870	$	(17	)	$	17,853
Long-term investments:
Money market funds	$	150	$	-		$	150
Total cash, cash equivalents and investments	$	48,074	$	(17	)	$	48,057

The following table summarizes the Company’s cash, cash equivalents and investments by security type as of May 31, 2022 (in thousands):

	Cost		Gross Unrealized Loss		Estimated Fair Value
Cash	$	2,955	$	-	$	2,955
Cash equivalents:
Money market funds		28,529		-		28,529
Total cash and cash equivalents	$	31,484	$	-	$	31,484
Long-term investments:
Money market funds	$	80	$	-	$	80
Total cash, cash equivalents and investments	$	31,564	$	-	$	31,564

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

Unrealized gains and 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 $17,000 as of May 31, 2023 is not considered other-than-temporary, and has been in an unrealized loss position for less than a year.