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

Three months ended November 30,

Six months ended November 30,

(in thousands, except per share amounts)

2022

    

2021

2022

2021

(Restated) (1)

(Restated) (1)

Net loss

$

(26,495)

$

(40,077)

$

(47,486)

$

(85,414)

Less: Deemed dividends

(1,140)

(5,294)

Less: Accrued preferred stock dividends

(370)

(417)

(756)

(842)

Net loss applicable to common stockholders

$

(28,005)

$

(40,494)

$

(53,536)

$

(86,256)

Basic and diluted:

Weighted average common shares outstanding

813,373

662,600

800,545

647,517

Loss per share

$

(0.03)

$

(0.06)

$

(0.07)

$

(0.13)

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

Schedule of securities excluded from computation of earnings per share

Three and six months ended November 30,

(in thousands)

2022

    

2021

Stock options, warrants, and unvested restricted stock units

204,273

73,223

Convertible notes

12,000

12,000

Convertible preferred stock

32,591

34,089