General form of registration statement for all companies including face-amount certificate companies

Loss Per Common Share (Tables)

v3.23.2
Loss Per Common Share (Tables)
9 Months Ended 12 Months Ended
Feb. 28, 2023
May 31, 2022
Loss Per Common Share    
Schedule of reconciliation of the numerators and denominators of basic and diluted net loss per share

Three months ended February 28,

Nine months ended February 28,

(in thousands, except per share amounts)

    

2023

    

2022

    

2023

    

2022

(Restated)(1)

(Restated)(1)

Net loss

$

(13,702)

$

(41,285)

$

(61,188)

$

(126,699)

Less: Deemed dividends

(123)

(5,417)

Less: Accrued preferred stock dividends

(366)

(397)

(1,121)

(1,239)

Net loss applicable to common stockholders

$

(14,191)

$

(41,682)

$

(67,726)

$

(127,938)

Basic and diluted:

Weighted average common shares outstanding

832,215

695,614

810,986

663,373

Loss per share

$

(0.02)

$

(0.06)

$

(0.08)

$

(0.19)

Years ended May 31,

(in thousands, except per share amounts)

    

2022

    

2021

(Restated)(1)

Net loss

$

(210,820)

$

(176,465)

Less: Accrued preferred stock dividends

(1,628)

(1,687)

Net loss applicable to common stockholders

$

(212,448)

$

(178,152)

Basic and diluted weighted average common shares outstanding

676,900

587,590

Basic and diluted loss per share

$

(0.31)

$

(0.30)

(1) See Note 2, Revision of Financial Statements, and Note 14, Restatement.
Schedule of securities excluded from computation of earnings per share

Three and nine months ended February 28,

(in thousands)

    

2023

    

2022

Stock options, warrants, and unvested restricted stock units

203,274

98,309

Convertible notes

12,000

12,000

Convertible preferred stock

33,323

32,197

As of May 31,

(in thousands)

    

2022

    

2021

Stock options, warrants, and unvested restricted stock units

106,002

82,386

Convertible notes

12,000

18,000

Convertible preferred stock

32,535

33,008