Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income per Share (Tables)

v3.24.4
(Loss) Income per Share (Tables)
6 Months Ended
Nov. 30, 2024
(Loss) Income per Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share

Three months ended November 30,

Six months ended November 30,

(in thousands, except per share amounts)

2024

    

2023

2024

2023

Numerator:

Net (loss) income

$

(4,768)

$

(9,563)

$

14,459

$

(21,134)

Less: Accrued preferred stock dividends

(369)

(368)

(741)

(741)

Net (loss) income applicable to common stockholders

$

(5,137)

$

(9,931)

$

13,718

$

(21,875)

Denominator:

Basic weighted average common shares outstanding

1,221,405

958,988

1,177,988

941,191

Effect of dilutive securities:

Warrant exercises

26,205

Diluted weighted average common shares outstanding

1,221,405

958,988

1,204,193

941,191

Basic (loss) income per share

$

(0.00)

$

(0.01)

$

0.01

$

(0.02)

Diluted (loss) income per share

$

(0.00)

$

(0.01)

$

0.01

$

(0.02)

Schedule of securities excluded from computation of earnings per share

Three and six months ended November 30,

(in thousands)

2024

    

2023

Stock options, warrants, and unvested restricted stock units

240,898

312,956

Convertible notes

12,000

12,000

Convertible preferred stock

38,533

35,558