LEASES (Tables)

9 Months Ended

Feb. 29, 2024

Leases

SCHEDULE OF OPERATING LEASES

The following table presents information on our operating leases for the three months and nine months ended February 29, 2024 and February 28, 2023:

	Three Months Ended				Nine Months Ended
	February 29, 2024		February 28, 2023		February 29, 2024		February 28, 2023
Operating lease cost	$	88,000	$	88,000	$	265,000		265,000
Variable lease cost		3,000		-		8,000		-
Short-term lease cost		8,000		1,500		10,000		3,000
Total lease cost	$	99,000	$	89,500	$	283,000	$	268,000

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The approximate maturity of lease liabilities as of February 29, 2024 are as follows:

Year Ending February 29:
	Operating Leases
2024	$	365,000
2025		373,000
2026		195,000
Total minimum future lease payments		933,000
Less: imputed interest		71,000
Total operating lease liabilities	$	862,000

SCHEDULE OF OTHER SUPPLEMENTAL LEASE INFORMATION

The following table summarizes the Company’s other supplemental lease information for the nine months ended February 29, 2024 and February 28, 2023:

	Nine Months Ended
	February 29, 2024			February 28, 2023
Cash paid for operating lease liabilities	$	267,000		$	174,000
Weighted-average remaining lease term (years)		2.77			3.77
Weighted-average discount rate		6.50	%		6.50	%