XML 167 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Total
Stockholders’ Equity
Common Stock
Treasury Stock
Additional Paid in Capital
Accumulated Deficit
Noncontrolling interest
Series C Convertible Preferred Stock
Series D Convertible Preferred Stock
Series A Convertible Preferred Stock
Preferred Stock
Series B Convertible Preferred Stock
Preferred Stock
Series A and B Preferred Stock
Series A and B Preferred Stock
Common Stock
Series A and B Preferred Stock
Additional Paid in Capital
Series C and D Preferred Stock
Series C and D Preferred Stock
Stockholders’ Equity
Series C and D Preferred Stock
Common Stock
Series C and D Preferred Stock
Additional Paid in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Ending balance $ 12,552                                  
Beginning balance (in shares) at May. 31, 2021               660,000 0                  
Beginning balance at May. 31, 2021 15,135             $ 15,135 $ 0                  
Increase (Decrease) in Temporary Equity [Roll Forward]                                    
Issuance of Preferred Stock (in shares)                 1,380,000                  
Issuance of preferred stock 34,500               $ 34,500                  
Issuance costs (2,927)               $ (2,927)                  
Preferred Stock Dividends Accrued (in shares)               25,633 53,587                  
Preferred Stock Dividends Accrued 1,981             $ 641 $ 1,340                  
Conversion of Series C and D preferred stock (in shares)               (685,633) (1,433,587)                  
Conversion of Series C and D preferred stock (48,689)             $ (15,776) $ (32,913)                  
Ending balance (in shares) at May. 31, 2022               0 0                  
Ending balance at May. 31, 2022 0             $ 0 $ 0                  
Beginning balance, preferred stock (in shares) at May. 31, 2021                   27,195 17,087              
Beginning balance, common stock (in shares) at May. 31, 2021     1,511,061                              
Beginning balance, treasury stock (in shares) at May. 31, 2021       (36,296)                            
Beginning balance at May. 31, 2021   $ (2,583) $ 2 $ (62) $ 13,881 $ (21,623) $ 0     $ 3,370 $ 1,849              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Extinguishment of Debt (in shares)     5,083,828                              
Extinguishment of debt 3,478 3,478 $ 5   3,473                          
Issuance of Dividends to Preferred Stock (in shares)                   60,822 29,772              
Issuance of dividends to preferred stock 115 115       (8,946)       $ 6,082 $ 2,979              
Conversion of Preferred Stock (in shares)                   88,017 46,859   28,765,308       36,440,783  
Conversion of series A and B preferred stock                   $ (9,452) $ (4,828) $ 0 $ 29 $ 14,251 $ 0 $ 48,689 $ 36 $ 48,653
Service agreement stock compensation (in shares)     18,036,723                              
Service agreement stock compensation 12,337 12,337 $ 18   12,319                          
Preferred Stock Dividends Accrued 0 (1,981)       (1,981)                        
Initial public offering of common stock (in shares)     8,000,000                              
Initial public offering of common stock 40,000 40,000 $ 8   39,992                          
Offering costs of initial public offering (4,276) (4,276)     (4,276)                          
Contributions by noncontrolling interest 6,986           6,986                      
Net loss including noncontrolling interests $ (23,530) (23,520)       (23,520) (10)                      
Ending balance, preferred stock (in shares) at May. 31, 2022                   0 0              
Ending balance, common stock (in shares) at May. 31, 2022 97,801,407   97,837,703                              
Ending balance, treasury stock (in shares) at May. 31, 2022 (36,296)     (36,296)                            
Ending balance at May. 31, 2022 $ 79,235 72,259 $ 98 $ (62) 128,293 (56,070) 6,976     $ 0 $ 0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Ending balance 79,235                                  
Ending balance (in shares) at May. 31, 2023               0 0                  
Ending balance at May. 31, 2023 0             $ 0 $ 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Issuance of common stock - vesting of awards (in shares)     2,615,550                              
Issuance of common stock - vesting of awards $ (168) (168) $ 3   (171)                          
Issuance of common stock - restricted stock awards (in shares) 474,105                                  
Stock-based compensation $ 32,072 32,072     32,072                          
Common stock forfeited (in shares)       (4,965,432)                            
Contributions by noncontrolling interest 4,146           4,146                      
Net loss including noncontrolling interests $ (45,606) (44,646)       (44,646) (960)                      
Ending balance, preferred stock (in shares) at May. 31, 2023                   0 0              
Ending balance, common stock (in shares) at May. 31, 2023 95,925,630   100,927,358                              
Ending balance, treasury stock (in shares) at May. 31, 2023 (5,001,728)     (5,001,728)                            
Ending balance at May. 31, 2023 $ 69,679 $ 59,517 $ 101 $ (62) $ 160,194 $ (100,716) $ 10,162     $ 0 $ 0              
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                    
Ending balance $ 69,679