v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2020
Nov. 30, 2019
Operating expenses:        
General and administrative $ 7,551 $ 3,094 $ 17,426 $ 6,140
Research and development 16,446 8,527 31,738 17,582
Amortization and depreciation 506 500 1,011 1,031
Total operating expenses 24,503 12,121 50,175 24,753
Operating loss (24,503) (12,121) (50,175) (24,753)
Other income (expense):        
Interest income   2   2
Change in fair value of derivative liabilities   203   829
Loss on extinguishment of convertible note (4,169)   (4,169)  
Interest expense:        
Finance charges (231) (1,549) (137) (1,558)
Amortization of discount on convertible notes (1,243) (439) (2,582) (1,470)
Amortization of debt issuance costs (15) (120) (19) (404)
Inducement interest expense (3,758) (283) (7,103) (2,713)
Interest on convertible notes payable (1,047) (553) (1,613) (957)
Total interest expense (6,294) (2,944) (11,454) (7,102)
Loss before income taxes (34,966) (14,860) (65,798) (31,024)
Income tax benefit
Net loss $ (34,966) $ (14,860) $ (65,798) $ (31,024)
Basic and diluted loss per share $ (0.06) $ (0.04) $ (0.12) $ (0.08)
Basic and diluted weighted average common shares outstanding 577,945 389,138 566,677 376,822

Source