XML 137 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

DISCONTINUED OPERATIONS | 6 Months Ended
--- | ---
Nov. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS During February 2022, the Company implemented plans to cease all cryptomining operations and start the sale process of all cryptomining equipment. The Company ceased all crypto mining operations and completed the sale of the assets during the year ended May 31, 2022. The Company has no plans to return to crypto mining operations in the future as the Company grows. The results of these operations have been displayed as discontinued operations.Operating results of discontinued operations are summarized below:
| Three Months Ended |  | Six Months Ended
in thousands | November 30, 2022 |  | November 30, 2021 |  | November 30, 2022 |  | November 30, 2021
Cryptoasset mining revenue, net | $ | — |  |  | $ | 1,426 |  |  | $ | — |  |  | $ | 2,038 |
Cost of sales | — |  |  | 433 |  |  | — |  |  | 782 |
Gross profit | — |  |  | 993 |  |  | — |  |  | 1,256 |
Impairment of cryptocurrency assets | — |  |  | (145) |  |  | — |  |  | (165) |
Gain on Extinguishment of Accounts Payable | — |  |  | 285 |  |  | — |  |  | 325 |
Gain on Sale of Fixed Assets |  |  | 265 |  |  |  |  | 265 |
Net gain from discontinued operations | $ | — |  |  | $ | 1,398 |  |  | $ | — |  |  | $ | 1,681 |
As of November 30, 2022 and May 31, 2022, the Company did not hold any cryptoassets.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration