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LEASES (Tables)
 3 Months Ended
Aug. 31, 2023
Leases  
SCHEDULE OF OPERATING LEASES

The following table presents information on our operating leases for the three months ended August 31, 2023 and 2022:

 

   2023   2022 
   Three Months Ended August 31, 
   2023   2022 
Operating lease cost  $88,000   $88,000 
Variable lease cost   3,000    - 
Short-term lease cost   5,000    4,000 
Total lease cost  $96,000   $92,000 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The approximate maturity of lease liabilities as of August 31, 2023 are as follows:

 

Year Ending August 31:    
   Operating Leases 
2024  $359,000 
2025   368,000 
2026   378,000 
2027   6,000 
Thereafter   - 
Total minimum future lease payments  $1,111,000 
Less: imputed interest   100,000 
Total operating lease liabilities  $1,011,000 
SCHEDULE OF OTHER SUPPLEMENTAL LEASE INFORMATION

The following table summarizes the Company’s other supplemental lease information for the three months ended August 31, 2023 and 2022:

 

   2023   2022 
   Three Months Ended August 31, 
   2023   2022 
Cash paid for operating lease liabilities  $87,000   $86,000 
Weighted-average remaining lease term (years)   3.02    4.02 
Weighted-average discount rate   6.50%   6.50%