Error following PHP upgrade

I’ve been using this plugin for several years with good results until tonight. Earlier this evening, my web host prompted me to upgrade from PHP 5.3 to 5.6. Once I did that, the plugin began returning the following error messages in the administrator backend:

Warning: mysql_query(): No such file or directory in [redacted]/plugins/wp-memory-db-indicator/wp-memory-db-indicator.php on line 167

Warning: mysql_query(): A link to the server could not be established in [redacted]/plugins/wp-memory-db-indicator/wp-memory-db-indicator.php on line 167

Warning: mysql_fetch_array() expects parameter 1 to be resource, boolean given in [redacted]/plugins/wp-memory-db-indicator/wp-memory-db-indicator.php on line 169

Is the plugin not compatible with newer versions of PHP or is something else going on? How can I resolve this short of just deactivating the plugin? I can downgrade temporarily, but by January, my host will remove support for older versions of PHP.

Thanks!

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