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Related Party Transactions
 9 Months Ended
Feb. 28, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Related Party Revenue
The following table illustrates related party revenue for the three and nine months ended February 28, 2025 and February 29, 2024 (in thousands):
Three Months EndedNine Months Ended
February 28, 2025February 29, 2024February 28, 2025February 29, 2024
Customer D*$— $1,662 $992 $5,980 
Customer E**$— $1,402 $678 $4,903 
*Customer D is a subsidiary of an entity which, during the first quarter of fiscal year 2025, was deemed to beneficially own over 5% of the Company's outstanding common stock. As of July 25, 2024, the controlling individual of the entity filed a Schedule 13G to report the fact that as of the date thereof, the entity had ceased to be a beneficial owner of more than 5% of such class of securities.
**Customer E is 60% owned by an individual who, during the first quarter of fiscal year 2025, was deemed to beneficially own over 5% of the Company's outstanding common stock. As of July 25, 2024, the individual filed a Schedule 13G to report the fact that as of the date thereof, the individual had ceased to be a beneficial owner of more than 5% of such class of securities.
The following table illustrates related party deferred revenue and deposits balances as of February 28, 2025 and May 31, 2024 (in thousands):
Customer D balances as ofCustomer E balances as of
February 28, 2025May 31, 2024February 28, 2025May 31, 2024
Deferred revenue$— $993 $— $699 
Customer deposits
$— $895 $— $654 
Related Party Sublease Income
During the three and nine months ended February 29, 2024, the Company received sublease income from B. Riley Asset Management, which is a wholly-owned subsidiary of B. Riley Financial, Inc. As previously disclosed, the Company’s Chairman and Chief Executive Officer served as the President of B. Riley Asset Management. Effective February 5, 2024, he resigned from that position and as such, B. Riley Asset Management ceased being a related party. Sublease income of
$22,800 and $69,900 is included in selling, general and administrative expenses in our unaudited condensed consolidated statements of operations for the three and nine months ended February 29, 2024, respectively.
Other Related Party Transactions
Related party transactions included within selling, general and administrative expense on the unaudited condensed consolidated statement of operations include the following:
•construction and consulting costs of $44.4 thousand and $0.3 million during the three and nine months ended February 29, 2024 were incurred with a company owned by a family member of the Company’s former Chief Administrative Officer. There were no transactions with this related party during the three and nine months ended February 28, 2025.
•software license fees of $0.1 million and $0.2 million during the three and nine months ended February 29, 2024, respectively, and $0.1 million and $0.2 million during the three and nine months ended February 28, 2025, respectively, were incurred with a company whose chairman is also a member of the Company’s Board of Directors.
•consulting fees of $23 thousand during the three and nine months ended February 29, 2024 were incurred with a former member of the Company’s Board of Directors for sales consulting work. There were no transactions with this related party during the three and nine months ended February 28, 2025.