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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2024
May 31, 2023
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss $ (149,671) $ (45,606)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 79,360 7,614
Stock-based compensation 17,362 32,072
Lease expense 13,944 0
Deferred income taxes 0 (540)
Loss on extinguishment of debt [1] 2,507 94
Loss on legal settlement 2,380 0
Non cash interest expense 5,214 410
Loss on classification as held for sale 15,417 0
Loss on change in fair value of debt 7,401 0
Loss on change in fair value of related party debt 13,812 0
Changes in operating assets and liabilities:    
Accounts receivable (3,765) 145
Prepaid expenses and other current assets 899 (766)
Other assets 327 364
Accounts payable 41,840 (13,750)
Accrued liabilities 21,601 7,485
Due to customer 13,002 0
Lease assets and liabilities (47,479) (446)
CASH FLOW PROVIDED BY OPERATING ACTIVITIES 13,794 58,735
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property and equipment and other assets (141,809) (131,278)
Proceeds from sale of investment securities 0 0
Proceeds from sale of assets 19,852 0
Finance lease prepayments (50,089) 0
Purchases of investments (390) (810)
CASH FLOW USED IN INVESTING ACTIVITIES (172,436) (132,088)
CASH FLOW FROM FINANCING ACTIVITIES    
Repayment of finance leases (59,967) (3,353)
Proceeds from issuance of common stock, net of costs 130,849 0
Common stock issuance costs (284) 0
Tax payments for restricted stock upon vesting (861) (168)
Noncontrolling interest contributions 0 4,146
CASH FLOW PROVIDED BY FINANCING ACTIVITIES 146,757 70,628
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (11,885) (2,725)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 43,574 46,299
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 31,689 43,574
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 17,782 1,118
Income taxes paid 5 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES    
Operating right-of-use assets obtained by lease obligation 159,153 0
Finance right-of-use assets obtained by lease obligation 227,047 8,693
Property and equipment in accounts payable and accrued liabilities 85,019 9,384
Extinguishment of non-controlling interest 9,765 0
Conversion of debt to common stock 52,060 0
Issuance of warrants, at fair value 5,696 0
Nonrelated Party    
Changes in operating assets and liabilities:    
Customer deposits (8,770) 24,584
Deferred revenue (9,494) 44,245
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings of long-term debt 116,554 45,650
Repayment of long-term debt (21,714) (10,032)
Payment of deferred financing costs (320) (567)
Related Party    
Changes in operating assets and liabilities:    
Customer deposits (2,261) 2,261
Deferred revenue 168 569
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings of related party debt 28,000 36,500
Repayment of related party debt (45,500) 0
Payment of deferred financing costs $ 0 $ (1,548)
[1] Amounts included in the fiscal year ended May 31, 2024 are related to the extinguishment of related party debt.