Quarterly report pursuant to Section 13 or 15(d)

Loss per Common Share (Tables)

v3.23.4
Loss per Common Share (Tables)
6 Months Ended
Nov. 30, 2023
Loss per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net loss per share

Three months ended November 30,

Six months ended November 30,

(in thousands, except per share amounts)

2023

    

2022

2023

2022

Net loss

$

(9,563)

$

(26,495)

$

(21,134)

$

(47,486)

Less: Deemed dividends

(1,140)

(5,294)

Less: Accrued preferred stock dividends

(368)

(370)

(741)

(756)

Net loss applicable to common stockholders

$

(9,931)

$

(28,005)

$

(21,875)

$

(53,536)

Basic and diluted:

Weighted average common shares outstanding

958,988

813,373

941,191

800,545

Loss per share

$

(0.01)

$

(0.03)

$

(0.02)

$

(0.07)

Schedule of securities excluded from computation of earnings per share

Three and six months ended November 30,

(in thousands)

2023

    

2022

Stock options, warrants, and unvested restricted stock units

312,956

204,273

Convertible notes

12,000

12,000

Convertible preferred stock

35,558

32,591