Annual report pursuant to Section 13 and 15(d)

Loss Per Common Shares (Tables)

v3.22.2.2
Loss Per Common Shares (Tables)
12 Months Ended
May 31, 2022
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerators and denominators of the basic and diluted net loss per share

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Years ended May 31,

(in thousands, except per share amounts)

2022

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2021

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2020

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(Restated) (1)

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(Revised) (1)

Net loss

$

(210,820)

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$

(176,465)

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$

(139,936)

Less: Accrued preferred stock dividends

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(1,628)

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(1,687)

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(708)

Net loss applicable to common stockholders

$

(212,448)

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$

(178,152)

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$

(140,644)

Basic and diluted weighted average common shares outstanding

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676,900

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587,590

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421,078

Basic and diluted loss per share

$

(0.31)

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$

(0.30)

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$

(0.33)

(1) See Note 2, Revision of Financial Statements, and Note 14, Restatement.
Schedule of securities excluded from computation of earnings per share

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As of May 31,

(in thousands)

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2022

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2021

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2020

Stock options, warrants, and unvested restricted stock units

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106,002

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82,386

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131,361

Convertible notes

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12,000

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18,000

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3,864

Convertible preferred stock

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32,535

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33,008

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30,130