Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Stockholders' Deficit

v3.24.3
Consolidated Statements of Stockholders' Deficit - USD ($)
shares in Thousands, $ in Thousands
Preferred Stock
Common stock
Treasury Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Beginning balance at May. 31, 2023   $ 919   $ 731,270 $ (841,690) $ (109,501)
Beginning balance (shares) at May. 31, 2023 34 919,053 443      
Issuance of stock for convertible note repayment   $ 8   1,492   1,500
Issuance of stock for convertible note repayment (in shares)   8,661        
Loss on induced conversion       2,004   2,004
Warrants issued in note offering       170   170
Stock issued for compensation   $ 1   154   155
Stock issued for compensation (in shares)   686        
Warrant exercises   $ 3   297   300
Warrant exercises (in shares)   3,000        
Dividends accrued on Series C and D convertible preferred stock       (373)   (373)
Reclassification of warrants from liability to equity classified       79   79
Stock-based compensation       348   348
Net income (loss)         (11,571) (11,571)
Ending balance at Aug. 31, 2023   $ 931   735,441 (853,261) (116,889)
Ending balance (shares) at Aug. 31, 2023 34 931,400 443      
Beginning balance at May. 31, 2024   $ 1,059   773,714 (891,531) (116,758)
Beginning balance (shares) at May. 31, 2024 34 1,059,002 443      
Issuance of stock for convertible note repayment   $ 9   991   1,000
Issuance of stock for convertible note repayment (in shares)   8,777        
Loss on induced conversion       1,180   1,180
Stock issued for tender offer   $ 152   13,874   14,026
Stock issued for tender offer (in shares)   152,505        
Issuance costs related to stock issued for tender offer       (3,649)   (3,649)
Dividends accrued on Series C and D convertible preferred stock       372   372
Stock-based compensation       136   136
Net income (loss)         19,227 19,227
Ending balance at Aug. 31, 2024   $ 1,220   $ 785,874 $ (872,304) $ (85,210)
Ending balance (shares) at Aug. 31, 2024 34 1,220,284 443