Quarterly report pursuant to Section 13 or 15(d)

Loss Per Common Shares (Tables)

v3.22.2.2
Loss Per Common Shares (Tables)
3 Months Ended
Aug. 31, 2022
Loss Per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net loss per share

Three months ended August 31,

(in thousands, except per share amounts)

2022

2021

(Restated) (1)

Net loss

$

(20,991)

$

(45,337)

Less: Deemed dividends due to down round provision

(4,154)

Less: Accrued preferred stock dividends

(385)

(425)

Net loss applicable to common stockholders

$

(25,530)

$

(45,762)

Basic and diluted:

Weighted average common shares outstanding

787,856

632,597

Loss per share

$

(0.03)

$

(0.07)

(1) See Note 2, Summary of Significant Accounting Policies.

Schedule of securities excluded from computation of earnings per share

Three months ended August 31,

(in thousands)

2022

    

2021

    

Stock options, warrants, and unvested restricted stock units

193,609

60,141

Convertible notes

12,000

12,000

Convertible preferred stock

32,170

33,858