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Related Party Transactions (Tables)

9 Months Ended

Feb. 28, 2025

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 Ended				Nine Months Ended
	February 28, 2025		February 29, 2024		February 28, 2025		February 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 of				Customer E balances as of
	February 28, 2025		May 31, 2024		February 28, 2025		May 31, 2024
Deferred revenue	$	—	$	993	$	—	$	699
Customer deposits	$	—	$	895	$	—	$	654