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Related Party Transactions
3 Months Ended
Aug. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Related Party Revenue
The following table illustrates related party revenue for the three months ended August 31, 2023 and August 31, 2022 (in thousands):
Three Months Ended August 31,
20232022
Customer D*$2,332 $1,450 
Customer E**$1,852 $1,136 
*Customer D is a subsidiary of an entity which is deemed to beneficially own over 5% of the Company's outstanding common stock
**Customer E is 60% owned by an individual who is deemed to beneficially own over 5% of the Company's outstanding common stock
The following table illustrates related party deferred revenue and deposits balances as of August 31, 2023 and May 31, 2023 (in thousands):
Customer D balances as ofCustomer E balances as of
August 31, 2023May 31, 2023August 31, 2023May 31, 2023
Deferred revenue$923 $1,474 $48 $50 
Customer Deposits$2,450 $2,450 $1,361 $1,361 
Related Party Sublease Income
For three months ended August 31, 2023 and August 31, 2022, the Company received sublease income of $23 thousand and $27 thousand, respectively, from B. Riley Asset Management, which is also a wholly-owned subsidiary of B. Riley Financial, Inc. Mr. Cummins, the CEO of the Company, is also the President of B. Riley Asset Management.