General form of registration statement for all companies including face-amount certificate companies

Loss per Common Share (Tables)

v3.24.0.1
Loss per Common Share (Tables)
6 Months Ended 12 Months Ended
Nov. 30, 2023
May 31, 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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Fiscal years ended May 31,

(in thousands, except per share amounts)

2023

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2022

Net loss

$

(79,824)

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$

(210,820)

Less: Deemed dividends

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(5,417)

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—

Less: Accrued preferred stock dividends

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(1,495)

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(1,628)

Net loss applicable to common stockholders

$

(86,736)

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$

(212,448)

Basic and diluted:

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Weighted average common shares outstanding

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836,528

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676,900

Loss per share

$

(0.10)

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$

(0.31)

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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Fiscal years ended May 31,

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(in thousands)

2023

    

2022

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Stock options, warrants, and unvested restricted stock units

281,023

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106,002

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Convertible notes

12,000

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12,000

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Convertible preferred stock

34,071

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32,535

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