Annual report pursuant to Section 13 and 15(d)

Loss per Common Share (Tables)

v3.24.2.u1
Loss per Common Share (Tables)
12 Months Ended
May 31, 2024
Loss per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net loss per share

Years ended May 31,

(in thousands, except per share amounts)

2024

2023

Net loss

$

(49,841)

$

(79,824)

Less: Deemed dividends

(5,417)

Less: Accrued preferred stock dividends

(1,483)

(1,495)

Net loss applicable to common stockholders

$

(51,324)

$

(86,736)

Basic and diluted:

Weighted average common shares outstanding

969,509

836,528

Loss per share

$

(0.05)

$

(0.10)

Schedule of securities excluded from computation of earnings per share

Year ended May 31,

(in thousands)

2024

    

2023

Stock options, warrants, and unvested restricted stock units

387,294

281,023

Convertible notes

12,000

12,000

Convertible preferred stock

37,046

34,071