v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
May 31, 2022
Current assets:    
Cash $ 4,676 $ 4,231
Prepaid expenses 4,143 5,198
Prepaid service fees 1,038 1,086
Total current assets 9,857 10,515
Inventories, net 17,929 17,929
Other non-current assets 608 741
Total assets 28,394 29,185
Current liabilities:    
Accounts payable 68,991 67,974
Accrued liabilities and compensation 5,014 8,995
Accrued interest on convertible notes 7,120 5,974
Accrued dividends on convertible preferred stock 4,361 3,977
Convertible notes payable, net 36,833 36,241
Total current liabilities 122,319 123,161
Long-term liabilities:    
Operating leases 387 422
Total liabilities 122,706 123,583
Commitments and Contingencies (Note 9)
Stockholders' (deficit) equity:    
Common stock, $0.001 par value; 1,350,000 shares authorized; 812,698 and 720,028 issued, and 812,255 and 719,585 outstanding at August 31, 2022 and May 31, 2022, respectively 813 720
Additional paid-in capital 687,732 671,013
Accumulated deficit (782,857) (766,131)
Total stockholders' (deficit) (94,312) (94,398)
Total liabilities and stockholders' (deficit) 28,394 29,185
Series B Convertible Preferred Stock    
Stockholders' (deficit) equity:    
Preferred stock
Series C Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock 2,186 2,014
Stockholders' (deficit) equity:    
Preferred stock
Series D Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock 2,175 1,963
Stockholders' (deficit) equity:    
Preferred stock

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