| Schedule of stock option activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
|
average |
|
|
|
|
|
|
|
Weighted |
|
remaining |
|
Aggregate |
|
|
Number of |
|
average |
|
contractual |
|
intrinsic |
(in thousands, except per share data and years) |
|
shares |
|
exercise price |
|
life in years |
|
value |
Options outstanding at May 31, 2025 |
|
38,324 |
|
$ |
0.46 |
|
7.65 |
|
$ |
4,039 |
Granted |
|
725 |
|
$ |
0.30 |
|
|
|
|
|
Exercised |
|
(100) |
|
$ |
0.21 |
|
|
|
|
6 |
Forfeited, expired, and cancelled |
|
(480) |
|
$ |
1.93 |
|
|
|
|
|
Options outstanding at August 31, 2025 |
|
38,469 |
|
$ |
0.44 |
|
7.50 |
|
$ |
3,035 |
Options outstanding and exercisable at August 31, 2025 |
|
29,787 |
|
$ |
0.46 |
|
7.01 |
|
$ |
2,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
|
|
average |
|
|
|
|
|
|
|
Weighted |
|
remaining |
|
Aggregate |
|
|
Number of |
|
average |
|
contractual |
|
intrinsic |
(in thousands, except exercise price and years) |
|
shares |
|
exercise price |
|
life in years |
|
value |
Options outstanding at May 31, 2023 |
|
19,823 |
|
$ |
0.99 |
|
7.87 |
|
$ |
— |
Granted |
|
14,251 |
|
$ |
0.21 |
|
|
|
|
|
Exercised |
|
— |
|
$ |
— |
|
|
|
|
|
Forfeited, expired, and cancelled |
|
(8,225) |
|
$ |
0.87 |
|
|
|
|
|
Options outstanding at May 31, 2024 |
|
25,849 |
|
$ |
0.60 |
|
7.77 |
|
$ |
— |
Granted |
|
13,025 |
|
$ |
0.17 |
|
|
|
|
|
Exercised |
|
(500) |
|
$ |
0.21 |
|
|
|
$ |
72 |
Forfeited, expired, and cancelled |
|
(50) |
|
$ |
0.66 |
|
|
|
|
|
Options outstanding at May 31, 2025 |
|
38,324 |
|
$ |
0.46 |
|
7.65 |
|
$ |
4,039 |
Options outstanding and exercisable at May 31, 2025 |
|
28,594 |
|
$ |
0.54 |
|
7.23 |
|
$ |
2,653 |
|
| Schedule of Company RSU and PSU activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average |
|
|
Number of |
|
Weighted average |
|
remaining contractual |
(shares in thousands) |
|
RSUs and PSUs (1) |
|
grant date fair value |
|
life in years |
Unvested RSUs and PSUs at May 31, 2023 |
|
1,293 |
|
$ |
0.58 |
|
0.81 |
RSUs and PSUs granted |
|
— |
|
|
|
|
|
RSUs and PSUs forfeited |
|
(1,293) |
|
|
0.58 |
|
|
RSUs and PSUs vested |
|
— |
|
|
|
|
|
Unvested RSUs and PSUs at May 31, 2024 |
|
— |
|
|
|
|
|
RSUs and PSUs granted |
|
3,500 |
|
|
0.41 |
|
|
RSUs and PSUs forfeited |
|
— |
|
|
|
|
|
RSUs and PSUs vested |
|
— |
|
|
|
|
|
Unvested RSUs and PSUs at May 31, 2025 |
|
3,500 |
|
$ |
0.41 |
|
1.75 |
|
|
(1) |
The number of PSUs disclosed in this table are at the target level of 100%. |
|