v3.21.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2021
May 31, 2021
Current assets:    
Cash $ 8,875 $ 33,943
Accounts receivable 225  
Inventories, net 88,557 93,479
Prepaid expenses 2,979 616
Prepaid service fees 1,174 1,543
Total current assets 101,810 129,581
Operating leases right-of-use asset 617 712
Property and equipment, net 119 134
Intangibles, net 1,153 1,653
Total assets 103,699 132,080
Current liabilities:    
Accounts payable 58,008 65,897
Accrued liabilities and compensation 6,654 19,073
Accrued interest on convertible notes 3,670 2,007
Accrued dividends on convertible preferred stock 3,481 2,647
Operating leases liabilities 149 175
Current portion of long-term convertible notes payable 43,947 62,747
Total current liabilities 115,909 152,546
Long-term liabilities:    
Operating leases liabilities 486 552
Total long-term liabilities 486 552
Total liabilities 116,395 153,098
Commitments and Contingencies (Note 10)
Stockholders' (Deficit) Equity    
Preferred stock, value
Common stock, $0.001 par value; 1,000,000 shares authorized, 685,861 and 626,123 issued and 685,418 and 625,680 outstanding at November 30, 2021 and May 31, 2021, respectively 686 626
Additional paid-in capital 589,971 512,796
Accumulated (deficit) (603,353) (534,440)
Total stockholders' (deficit) equity (12,696) (21,018)
Total liabilities and stockholders' (deficit) equity 103,699 132,080
Series C Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock 1,900 1,500
Series D Convertible Preferred Stock    
Current liabilities:    
Accrued dividends on convertible preferred stock $ 1,500 $ 1,100

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