Quarterly report pursuant to Section 13 or 15(d)

Loss per Common Share (Tables)

v3.23.4
Loss per Common Share (Tables)
6 Months Ended
Nov. 30, 2023
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,

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(in thousands, except per share amounts)

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2023

    

2022

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2023

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2022

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Net loss

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$

(9,563)

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$

(26,495)

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$

(21,134)

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$

(47,486)

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Less: Deemed dividends

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—

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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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(368)

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(370)

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(741)

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(756)

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Net loss applicable to common stockholders

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$

(9,931)

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$

(28,005)

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$

(21,875)

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$

(53,536)

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Basic and diluted:

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Weighted average common shares outstanding

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958,988

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813,373

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941,191

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800,545

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Loss per share

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$

(0.01)

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$

(0.03)

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$

(0.02)

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$

(0.07)

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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)

2023

    

2022

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Stock options, warrants, and unvested restricted stock units

312,956

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204,273

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Convertible notes

12,000

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12,000

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Convertible preferred stock

35,558

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32,591

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