| Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share |
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Three months ended February 28, |
|
Nine months ended February 28, |
(in thousands, except per share amounts) |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
Numerator: |
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Net (loss) income |
|
$ |
(4,690) |
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$ |
(4,758) |
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$ |
(32,837) |
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$ |
9,701 |
Less: Accrued preferred stock dividends |
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(364) |
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(365) |
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(1,106) |
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|
(1,106) |
Basic net (loss) income applicable to common stockholders |
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(5,054) |
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(5,123) |
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(33,943) |
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|
8,595 |
Diluted net (loss) income applicable to common stockholders |
|
$ |
(5,054) |
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$ |
(5,123) |
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$ |
(33,943) |
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$ |
8,595 |
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Denominator: |
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Basic weighted average common shares outstanding |
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1,275,184 |
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1,228,259 |
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1,262,834 |
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1,194,561 |
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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30,352 |
Preferred stock conversions |
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— |
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— |
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— |
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|
625 |
Diluted weighted average common shares outstanding |
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1,275,184 |
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1,228,259 |
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1,262,834 |
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1,225,538 |
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Basic (loss) income per share |
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$ |
(0.00) |
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$ |
(0.00) |
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$ |
(0.03) |
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$ |
0.01 |
Diluted (loss) income per share |
|
$ |
(0.00) |
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$ |
(0.00) |
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$ |
(0.03) |
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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 nine months ended February 28, |
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(in thousands) |
2026 |
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2025 |
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Stock options, PSUs, and warrants |
341,956 |
|
231,027 |
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Convertible notes |
12,000 |
|
12,000 |
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Convertible preferred stock |
42,232 |
|
39,265 |
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