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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Revenue:    
Total revenue $ 60,704 $ 36,323
Costs and expenses:    
Cost of revenues 61,060 25,221
Selling, general and administrative [1] 14,341 16,170
Gain on classification of held for sale [2] (24,808) 0
Loss on abandonment of assets 628 0
Loss from legal settlement 0 2,300
Total costs and expenses 51,221 43,691
Operating income (loss) 9,483 (7,368)
Interest expense, net [3] 7,308 2,133
Loss on change in fair value of debt 6,422 0
Loss on extinguishment of related party debt 0 2,353
Net loss before income tax expenses (4,247) (11,854)
Income tax expense (benefit) 0 0
Net loss (4,247) (11,854)
Net loss attributable to noncontrolling interest 0 (397)
Preferred dividends (44) 0
Net loss attributable to Common Stockholders $ (4,291) $ (11,457)
Basic net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (0.03) $ (0.11)
Diluted net loss per share attributable to Applied Digital Corporation (in dollars per share) $ (0.03) $ (0.11)
Basic weighted average number of shares outstanding (in shares) 149,009,336 100,521,673
Diluted weighted average number of shares outstanding (in shares) 149,009,336 100,521,673
Nonrelated Party    
Revenue:    
Total revenue $ 58,778 $ 32,139
Related Party    
Revenue:    
Total revenue 1,926 4,184
Costs and expenses:    
Selling, general and administrative 200 $ 300
Interest expense, net $ 0  
[1] Includes related party selling, general and administrative expense of $0.2 million and $0.3 million for the three months ended August 31, 2024 and August 31, 2023, respectively. See Note 5 - Related Party Transactions for further discussion of related party transactions.
[2] Includes $25 million received in connection with the sale of our Garden City facility. See Note 11 - Commitments and Contingencies for further discussion.
[3] Includes related party interest expense of $0.7 million for the three months ended August 31, 2023. There was no related party debt outstanding during the three months ended August 31, 2024 and as such, no interest expense was incurred related to related party debt. See Note 5 - Related Party Transactions for further discussion of related party transactions.