Quarterly report pursuant to Section 13 or 15(d)

Loss Per Common Shares (Tables)

v3.22.4
Loss Per Common Shares (Tables)
6 Months Ended
Nov. 30, 2022
Loss Per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net loss per share

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Three months ended November 30,

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Six months ended November 30,

(in thousands, except per share amounts)

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2022

    

2021

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2022

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2021

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(Restated) (1)

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(Restated) (1)

Net loss

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$

(26,495)

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$

(40,077)

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$

(47,486)

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$

(85,414)

Less: Deemed dividends

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(1,140)

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—

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(5,294)

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—

Less: Accrued preferred stock dividends

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(370)

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(417)

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(756)

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(842)

Net loss applicable to common stockholders

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$

(28,005)

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$

(40,494)

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$

(53,536)

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$

(86,256)

Basic and diluted:

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Weighted average common shares outstanding

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813,373

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662,600

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800,545

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647,517

Loss per share

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$

(0.03)

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$

(0.06)

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$

(0.07)

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$

(0.13)

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

Schedule of securities excluded from computation of earnings per share

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Three and six months ended November 30,

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(in thousands)

2022

    

2021

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Stock options, warrants, and unvested restricted stock units

204,273

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73,223

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Convertible notes

12,000

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12,000

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Convertible preferred stock

32,591

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34,089

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