Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Nov. 30, 2020
May 31, 2020
Current assets:    
Cash $ 29,407 $ 14,282
Restricted cash   10
Inventories 99,071 19,147
Prepaid expenses 900 498
Prepaid service fees 1,416 2,890
Total current assets 130,794 36,827
Operating leases right-of-use asset 391 176
Property and equipment, net 115 55
Intangibles, net 12,462 13,456
Total assets 143,762 50,514
Current liabilities:    
Accounts payable 46,083 29,479
Accrued liabilities and compensation 15,911 6,879
Accrued interest on convertible notes 1,133 292
Accrued dividends on convertible preferred stock 1,816 981
Current portion of operating leases payable 111 115
Current portion of long-term convertible notes payable, net 50,676 6,745
Warrant exercise proceeds held in trust   10
Total current liabilities 115,730 44,501
Long-term liabilities:    
Convertible notes payable, net   8,431
Operating leases liability 286 63
Accounts payable 34,280  
Total long-term liabilities 34,566 8,494
Total liabilities 150,296 52,995
Commitments and Contingencies (Note 10)
Stockholders' (Deficit) Equity    
Common stock, $0.001 par value; 800,000 shares authorized, 590,279 and 519,261 issued and 589,837 and 518,976 outstanding at November 30, 2020 and May 31, 2020, respectively 590 519
Additional paid-in capital 414,463 351,711
Accumulated (deficit) (421,587) (354,711)
Total stockholders' (deficit) equity (6,534) (2,481)
Total liabilities and stockholders' (deficit) equity $ 143,762 $ 50,514