Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.26.3
Debt (Tables)
 3 Months Ended
Aug. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The following table presents the principal amount, Exit Fee and expected interest payment, debt discount, and carrying value of the Company's B. Riley Promissory Note as of August 31, 2026, which was classified as current (in thousands):
Three Months Ended
August 31, 2026
Principal amount $ 2,000 
Exit Fee and expected interest payment 400 
Total expected payments at maturity $ 2,400 
Debt discount (15)
Net carrying amount $ 2,385 
Schedule of Interest Expense The following table sets forth the total interest expense recognized for the three months ended August 31, 2026 (in thousands):
Three Month Ended
August 31, 2026
Contractual interest expense $ 47 
Accretion of debt discount and Exit Fee 58 
Total interest expense $ 105 
Scheduled Principal Payments of the Parker Hannifin Promissory Note
The following table presents scheduled principal payments of the Company's Parker Hannifin Promissory Note as of August 31, 2026 (in thousands):
Period Amount
FY 2027 $ 938 
FY 2028 625 
Total principal payments 1,563 
Less debt discount (193)
Notes payable, net 1,370 
Current portion 1,250 
Long-term portion 120 
Notes payable, net $ 1,370