| Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share |
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Three months ended November 30, |
|
Six months ended November 30, |
(in thousands, except per share amounts) |
|
2025 |
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2024 |
|
2025 |
|
2024 |
Numerator: |
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Net (loss) income |
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$ |
(22,607) |
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$ |
(4,768) |
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$ |
(28,147) |
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$ |
14,459 |
Less: Accrued preferred stock dividends |
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(369) |
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(369) |
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(742) |
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(741) |
Basic net (loss) income applicable to common stockholders |
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(22,976) |
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(5,137) |
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(28,889) |
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13,718 |
Diluted net (loss) income applicable to common stockholders |
|
$ |
(22,976) |
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$ |
(5,137) |
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$ |
(28,889) |
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$ |
13,718 |
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Denominator: |
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Basic weighted average common shares outstanding |
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1,261,016 |
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1,221,405 |
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1,256,761 |
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1,177,988 |
Effect of dilutive securities: |
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Warrant exercises |
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— |
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— |
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— |
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26,205 |
Diluted weighted average common shares outstanding |
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1,261,016 |
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1,221,405 |
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1,256,761 |
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1,204,193 |
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Basic (loss) income per share |
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$ |
(0.02) |
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$ |
(0.00) |
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$ |
(0.02) |
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$ |
0.01 |
Diluted (loss) income per share |
|
$ |
(0.02) |
|
$ |
(0.00) |
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$ |
(0.02) |
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$ |
0.01 |
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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) |
2025 |
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2024 |
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Stock options, PSUs, and warrants |
254,395 |
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240,898 |
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Convertible notes |
12,000 |
|
12,000 |
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Convertible preferred stock |
41,500 |
|
38,533 |
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