Annual report [Section 13 and 15(d), not S-K Item 405]

Income (loss) per Common Share (Tables)

v3.25.2
Income (loss) per Common Share (Tables)
12 Months Ended
May 31, 2025
Income (loss) per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share

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Years ended May 31,

(in thousands, except per share amounts)

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2025

​

2024

Numerator:

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​

​

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Net income (loss)

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$

3,745

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$

(49,841)

Less: Accrued preferred stock dividends

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(1,483)

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​

(1,483)

Net income (loss) applicable to common stockholders

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$

2,261

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$

(51,324)

Denominator:

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Basic weighted average common shares outstanding

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1,205,755

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​

969,509

Effect of dilutive securities:

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Warrant exercises

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34,821

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—

Option exercises

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​

2,346

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—

Diluted weighted average common shares outstanding

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1,242,922

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969,509

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​

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​

​

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Basic income (loss) per share

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0.00

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(0.05)

Diluted income (loss) per share

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0.00

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(0.05)

Schedule of securities excluded from computation of earnings per share

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Years ended, May 31

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(in thousands)

2025

    

2024

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Stock options, PSUs, and warrants

217,785

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387,294

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Convertible notes

12,000

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12,000

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Convertible preferred stock

40,013

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37,046

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