Related Party Transactions (Tables)

12 Months Ended

May 31, 2024

The following table illustrates related party revenue for the fiscal years ended May 31, 2024 and May 31, 2023 (in thousands):


	May 31, 2024		May 31, 2023
Customer D*	$	8,005	$	8,007
Customer E**	$	6,756	$	6,401

*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. As of July 25, 2024, the individual filed a Schedule 13G to report the fact that as of the date thereof, the individual has ceased to be a beneficial owner of more than 5% of such class of securities. However, during fiscal year 2024, as more than 5% of the Company's outstanding common stock was held by the individual, the transactions were therefore considered related party transactions.

The following table illustrates related party deferred revenue and deposits balances as of May 31, 2024 and May 31, 2023 (in thousands):


	Customer D balances as of				Customer E balances as of
	May 31, 2024		May 31, 2023		May 31, 2024		May 31, 2023
Deferred revenue	$	993	$	1,474	$	699	$	50
Customer Deposits	$	895	$	2,450	$	654	$	1,360

The following table illustrates related party sublease income for the fiscal years ended May 31, 2024 and May 31, 2023 (in thousands):


	May 31, 2024		May 31, 2023
Sublease Income	$	70	$	103