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CASH CASH EQUIVALENTS AND INVESTMENTS

12 Months Ended

May 31, 2024

CASH CASH EQUIVALENTS AND INVESTMENTS

2. CASH, CASH EQUIVALENTS AND INVESTMENTS

The following table summarizes the Company’s cash, cash equivalents and investments by security type as of May 31, 2024:

			Gross
Balances as of May 31, 2024			Unrealized		Estimated
(In thousands)	Cost		Gain (Loss)		Fair Value
Cash	$	5,029	$	-	$	5,029
Cash equivalents:
Money market funds	$	44,130	$	-	$	44,130
Total cash and cash equivalents	$	49,159	$	-	$	49,159
Long-term investments:
Money market funds	$	150	$	-	$	150
Total cash, cash equivalents and investments	$	49,309	$	-	$	49,309

The following table summarizes the Company’s cash, cash equivalents and investments by security type as of May 31, 2023:

			Gross
Balances as of May 31, 2023			Unrealized			Estimated
(In thousands)	Cost		Loss			Fair Value
Cash	$	3,182	$	-		$	3,182
Cash equivalents:
Money market funds	$	26,872	$	-		$	26,872
Total cash and cash equivalents	$	30,054	$	-		$	30,054
Short-term investments:
U. S. treasury securities	$	17,870	$	(17	)	$	17,853
Long-term investments:
Money market funds	$	150	$	-		$	150
Total cash, cash equivalents and investments	$	48,074	$	(17	)	$	48,057

Long-term investments are included in other non-current assets on the accompanying consolidated balance sheets.

Unrealized gains and losses on investments classified as available-for-sale are included within accumulated other comprehensive loss, net of any related tax effect. Upon realization, those amounts are reclassified from accumulated other comprehensive loss to results of operations.