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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2022
Nov. 30, 2021
CASH FLOW FROM OPERATING ACTIVITIES    
Net Income (Loss) Attributable to Parent, Total $ (31,148) $ (14,268)
Net loss from discontinued operations, net of income taxes 0 1,681
Net loss attributable to noncontrolling interest (261) 0
Net loss from continuing operations (31,409) (15,949)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and Amortization 2,704 177
Loss on extinguishment of debt 94 1,342
Stock-Based Compensation 22,398 12,337
Lease Expense 97 28
Deferred Tax (280) 214
Changes in assets and liabilities:    
Accounts receivable (49) 0
Prepaid expenses and other current assets (1,061) (1,644)
Customer deposits 15,165 0
Deferred revenue 25,517 0
Accounts payable and accrued liabilities (5,745) 5,254
Sales and use tax payable 865 0
Lease Assets and Liabilities (317) (25)
Net cash provided by operating activities of continuing operations 27,979 1,734
Net cash provided by operating activities of discontinued operations 0 600
NET CASH PROVIDED BY OPERATING ACTIVITIES 27,979 2,334
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property and equipment (70,305) (10,314)
Deposit on equipment 0 (23,230)
Net cash used in investing activities of continuing operations (70,305) (33,544)
Net cash provided by investing activities of discontinued operations 0 1,931
NET CASH USED IN INVESTING ACTIVITIES (70,305) (31,613)
CASH FLOW FROM FINANCING ACTIVITIES    
Issuance of preferred stock 0 34,500
Repayment of finance leases (778) 0
Preferred issuance costs 0 (2,926)
Term loan payoff (7,056) 0
Proceeds from issuance of term loan 21,711 0
Term Loan Issuance Costs (378) 0
Loan Payments (1,102) 0
Payments of employee restricted stock tax withholdings (43) 0
Equity contributions to subsidiaries 1,747 0
Net cash provided by financing activities of continuing operations 14,101 31,574
Net cash provided by financing activities of discontinued operations 0 0
CASH FLOW PROVIDED BY FINANCING ACTIVITIES 14,101 31,574
NET (DECREASE ) INCREASE IN CASH AND CASH EQUIVALENTS (28,225) 2,295
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 46,299 11,750
CASH AND CASH EQUIVALENTS, END OF PERIOD 18,074 14,045
Less: cash and cash equivalents of discontinued operations 0 0
Cash and cash equivalents of continuing operations 18,074 14,045
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest Paid 707 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Right-of-use asset obtained by lease obligation 6,925 1,291
Fixed assets in accounts payable $ 3,466 $ 513