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DEBT (Tables)

9 Months Ended

Feb. 28, 2023

Debt Disclosure [Abstract]

Schedule of Maturities of Long-Term Debt

Below is a summary of the remaining principal payments due over the life of the term loans as of February 28, 2023.

Year			Principal Payments (in thousands)
FY23			$	901
FY24			5,502
FY25			5,887
FY26			6,231
FY27			5,004
Thereafter			526
Total Term Loan Remaining Payments			$	24,051

Schedule of Long-Term Debt Instruments

Below is a summary of the Company’s term loan balances, including current debt and deferred financing fees as of February 28, 2023 and May 31, 2022.

(in thousands)						February 28, 2023						May 31, 2022
Term Loan Balance						$24,051						$7,324
Less: Deferred Issuance Costs						(333)						(94)
Less: Current portion of Term Loan						(4,855)						(1,333)
Long-term Portion of Term Loan						$18,862						$5,897

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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