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Related Party Transactions
 6 Months Ended
Nov. 30, 2023
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Related Party Revenue
The following table illustrates related party revenue for the three and six months ended November 30, 2023 and November 30, 2022 (in thousands):
Three Months Ended November 30,Six Months Ended November 30,
2023202220232022
Customer D*$1,986 $1,996 $4,319 $3,446 
Customer E**$1,648 $1,596 $3,500 $2,732 
*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
The following table illustrates related party deferred revenue and deposits balances as of November 30, 2023 and May 31, 2023 (in thousands):
Customer D balances as ofCustomer E balances as of
November 30, 2023May 31, 2023November 30, 2023May 31, 2023
Deferred revenue$1,470 $1,474 $483 $50 
Customer Deposits$2,450 $2,450 $1,361 $1,361 
Related Party Sublease Income
The Company receives sublease income from B. Riley Asset Management, which is also a wholly-owned subsidiary of B. Riley Financial, Inc. Mr. Cummins, the CEO of the Company, is also the President of B. Riley Asset Management. The following table illustrates related party revenue for the three and six months ended November 30, 2023 and November 30, 2022 (in thousands):
Three Months Ended November 30,Six Months Ended November 30,
2023202220232022
Sublease Income$24 $30 $47 $58 
B. Riley Loan
During the six months ended November 30, 2023, the Company borrowed an additional $8.0 million and repaid the outstanding balance of $44.5 million. Interest expense associated with the loan was $0.5 million for the six months ended November 30, 2023. Total remaining unused capacity on the B. Riley Loan as of November 30, 2023, was $5.5 million.