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LEASES
6 Months Ended
Nov. 30, 2022
Leases [Abstract]  
LEASES LEASESDuring the six months ended November 30, 2022, the Company entered into 18 new leases, bringing the total number of leases to 39. The Company considered the nature of the leases under ASC 842 Leases and determined each of these leases represent finance leases. The weighted average term of the leases is 31 months and the weighted average discount rate of the leases is 7.50%. Total ROU assets entered into during the six months ended November 30, 2022 totaled $6.9 million.
LEASES LEASESDuring the six months ended November 30, 2022, the Company entered into 18 new leases, bringing the total number of leases to 39. The Company considered the nature of the leases under ASC 842 Leases and determined each of these leases represent finance leases. The weighted average term of the leases is 31 months and the weighted average discount rate of the leases is 7.50%. Total ROU assets entered into during the six months ended November 30, 2022 totaled $6.9 million.