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BUSINESS COMBINATION (Tables)

9 Months Ended

Feb. 28, 2025

BUSINESS COMBINATION

Schedule of acquisition date fair value of the consideration

(In thousands)		Fair Value
Cash		$	10,631
Common stock under transfer restriction			9,381
Escrow payable			2,381
Working capital adjustments			(240	)
Total		$	22,153

Fair value of the assets acquired and liabilities

(In thousands)		Fair Value
Cash		$	16
Accounts receivable			1,285
Inventory			2,829
Goodwill			10,742
Property and equipment			129
Intangible assets			12,000
Operating lease right-of-use assets			810
Other assets, current and noncurrent			63
Accounts payable, accrued expenses and other liabilities, current and noncurrent			(2,240	)
Deferred revenue			(489	)
Operating lease liabilities, current and noncurrent			(714	)
Deferred tax liabilities, net			(2,278	)
Total		$	22,153

Schedule of fair value of the separately identifiable intangible assets

						Estimated Useful life
(In thousands)		Fair Value				(in years)
Developed technology		$	9,130				12
Trade names			1,050				10
Customer relationships			810				11
Non-compete agreements and others			1,010				1-3
Total intangible assets acquired		$	12,000