XML 45 R25.htm IDEA: XBRL DOCUMENT v3.23.2
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
May 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF OPERATING LEASES

 The following table presents information on our operating leases for the years ended May 31, 2023 and 2022:

 

 SCHEDULE OF OPERATING LEASES

   2023   2022 
   Year Ended May 31, 
   2023   2022 
Operating lease cost  $353,000   $352,000 
Short-term lease cost   5,000    5,000 
Total lease cost  $358,000   $357,000 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

 The future minimum lease payments of the Company’s operating lease liabilities by fiscal year are as follows:

 

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

Year Ending May 31:    
   Operating Leases 
2024  $356,000 
2025   366,000 
2026   376,000 
2027   101,000 
Thereafter   - 
Total minimum future lease payments  $1,199,000 
Less: imputed interest   117,000 
Total operating lease liabilities  $1,082,000 
SCHEDULE OF OTHER SUPPLEMENTAL LEASE INFORMATION

 The following table summarizes the Company’s other supplemental lease information for the years ended May 31, 2023 and 2022:

 

 SCHEDULE OF OTHER SUPPLEMENTAL LEASE INFORMATION

   2023   2022 
   Year Ended May 31, 
   2023   2022 
Cash paid for operating lease liabilities  $347,000   $338,000 
Weighted-average remaining lease term (years)   3.27    4.28 
Weighted-average discount rate   6.50%    6.50%