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

Years ended May 31,

(in thousands, except per share amounts)

2025

2024

Numerator:

Net income (loss)

$

3,745

$

(49,841)

Less: Accrued preferred stock dividends

(1,483)

(1,483)

Net income (loss) applicable to common stockholders

$

2,261

$

(51,324)

Denominator:

Basic weighted average common shares outstanding

1,205,755

969,509

Effect of dilutive securities:

Warrant exercises

34,821

Option exercises

2,346

Diluted weighted average common shares outstanding

1,242,922

969,509

Basic income (loss) per share

0.00

(0.05)

Diluted income (loss) per share

0.00

(0.05)

Schedule of securities excluded from computation of earnings per share

Years ended, May 31

(in thousands)

2025

    

2024

Stock options, PSUs, and warrants

217,785

387,294

Convertible notes

12,000

12,000

Convertible preferred stock

40,013

37,046