| Schedule of Property and Equipment |
Property
and equipment consisted of the following as of February 28, 2026 and May 31, 2025 (in thousands):
Schedule of Property and Equipment
| |
|
Estimated Useful Life |
|
February 28, 2026 |
|
|
May 31, 2025 |
|
| Networking equipment, electrical equipment, and software |
|
3 years - 5 years |
|
$ |
672 |
|
|
$ |
672 |
|
| Leasehold improvements |
|
3 years - 7 years |
|
|
697 |
|
|
|
697 |
|
| Construction in progress |
|
|
|
|
3,361 |
|
|
|
3,331 |
|
| Other equipment and fixtures |
|
5 years - 7 years |
|
|
33,149 |
|
|
|
8,900 |
|
| Total cost of property and equipment |
|
|
|
|
37,879 |
|
|
|
13,600 |
|
| Accumulated depreciation |
|
|
|
|
(5,374 |
) |
|
|
(2,678 |
) |
| Property and equipment, net |
|
|
|
$ |
32,505 |
|
|
$ |
10,922 |
|
|
Property
and equipment, net consisted of the following as of May 31, 2025 and 2024 (in thousands):
Schedule of Property and Equipment
| |
|
Estimated Useful Life |
|
May
31, 2025 |
|
|
May
31, 2024 |
|
| Networking equipment, electrical
equipment, and software |
|
3 years - 5 years |
|
$ |
672 |
|
|
$ |
333 |
|
| Leasehold improvements |
|
3 years - 7 years |
|
|
697 |
|
|
|
607 |
|
| Construction in progress |
|
|
|
|
3,331 |
|
|
|
3,293 |
|
| Other equipment and fixtures |
|
5 years - 7 years |
|
|
8,900 |
|
|
|
7,791 |
|
| Total cost of property and equipment |
|
|
|
|
13,600 |
|
|
|
12,024 |
|
| Accumulated depreciation |
|
|
|
|
(2,678 |
) |
|
|
(746 |
) |
| Property and equipment,
net |
|
|
|
$ |
10,922 |
|
|
$ |
11,278 |
|
|