v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2021
May 31, 2020
Current assets:    
Cash $ 14,291 $ 14,282
Restricted cash   10
Inventories 93,537 19,147
Prepaid expenses 1,208 498
Prepaid service fees 1,819 2,890
Total current assets 110,855 36,827
Operating leases right-of-use asset 760 176
Property and equipment, net 124 55
Intangibles, net 1,915 13,456
Total assets 113,654 50,514
Current liabilities:    
Accounts payable 72,509 29,479
Accrued liabilities and compensation 13,575 6,879
Accrued interest on convertible notes 2,391 292
Accrued dividends on convertible preferred stock 2,227 981
Operating leases payable 183 115
Convertible notes payable, net 37,976 6,745
Warrant exercise proceeds held in trust   10
Total current liabilities 128,861 44,501
Long-term liabilities:    
Convertible notes payable, net   8,431
Operating leases liability 588 63
Total long-term liabilities 588 8,494
Total liabilities 129,449 52,995
Commitments and Contingencies (Note 10)
Stockholders' (Deficit) Equity    
Preferred stock, value
Common stock, $0.001 par value; 800,000 shares authorized, 609,420 and 519,261 issued and 608,978 and 518,975 outstanding at February 28, 2021 and May 31, 2020, respectively 609 519
Additional paid-in capital 449,579 351,711
Accumulated (deficit) (465,983) (354,711)
Total stockholders' (deficit) equity (15,795) (2,481)
Total liabilities and stockholders' (deficit) equity 113,654 50,514
Series C Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock 1,300 700
Series D Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock $ 900 $ 300

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