Related Party Transactions (Tables)

3 Months Ended

Aug. 31, 2024

The following table illustrates related party revenue for the three months ended August 31, 2024 and August 31, 2023 (in thousands):


	Three Months Ended
	August 31, 2024		August 31, 2023
Customer D*	$	992	$	2,332
Customer E**	$	678	$	1,852

*Customer D is a subsidiary of an entity which, during the first fiscal quarter of 2024, was deemed to beneficially own over 5% of the Company's outstanding common stock. As of July 25, 2024, the controlling individual of the entity filed a

Schedule 13G to report the fact that as of the date thereof, the entity has ceased to be a beneficial owner of more than 5% of such class of securities.

**Customer E is 60% owned by an individual who, during the first fiscal quarter of 2024, was 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.

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


	Customer D balances as of				Customer E balances as of
	August 31, 2024		May 31, 2024		August 31, 2024		May 31, 2024
Deferred revenue	$	—	$	993	$	—	$	699
Customer deposits	$	—	$	895	$	—	$	654

The following table illustrates related party sublease income for the three months ended August 31, 2024 and August 31, 2023 (in thousands):


	Three Months Ended
	August 31, 2024		August 31, 2023
Sublease Income	$	—	$	23