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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
Revenue:        
Total revenue $ 63,868 $ 42,203 $ 124,572 $ 78,527
Costs and expenses:        
Cost of revenues 52,361 29,769 113,421 54,990
Selling, general and administrative [1] 29,789 20,266 44,129 36,437
Loss/(gain) on classification of held for sale [2] 192 0 (24,616) 0
Loss on abandonment of assets 141 0 769 0
Loss from legal settlement 0 80 0 2,380
Total costs and expenses 82,483 50,115 133,703 93,807
Operating loss (18,615) (7,912) (9,131) (15,280)
Interest expense, net [3] 7,482 2,617 14,790 4,750
Loss on conversion of debt 25,410 0 33,612 0
Loss on change in fair value of debt 87,218 0 85,439 0
Loss on extinguishment of related party debt 0 0 0 2,353
Net loss before income tax expenses (138,725) (10,529) (142,972) (22,383)
Income tax expense (benefit) 1 0 1 0
Net loss (138,726) (10,529) (142,973) (22,383)
Net loss attributable to noncontrolling interest 0 0 0 (397)
Preferred dividends (629) 0 (673) 0
Net loss attributable to Common Stockholders $ (139,355) $ (10,529) $ (143,646) $ (21,986)
Basic net loss per share attributable to common stockholders (in dollars per share) $ (0.66) $ (0.10) $ (0.80) $ (0.21)
Diluted net loss per share attributable to common stockholders (in dollars per share) $ (0.66) $ (0.10) $ (0.80) $ (0.21)
Basic weighted average number of shares outstanding (in shares) 209,560,339 109,663,030 179,119,398 105,067,375
Diluted weighted average number of shares outstanding (in shares) 209,560,339 109,663,030 179,119,398 105,067,375
Nonrelated Party        
Revenue:        
Total revenue $ 63,868 $ 38,569 $ 122,646 $ 70,708
Related Party        
Revenue:        
Total revenue 0 3,634 1,926 7,819
Costs and expenses:        
Selling, general and administrative 100 200 100 300
Interest expense, net $ 0 $ 700 $ 0 $ 700
[1] Includes related party selling, general and administrative expense of $0.1 million and $0.2 million for the three months ended November 30, 2024 and November 30, 2023, respectively, and $0.1 million and $0.3 million for the six months ended November 30, 2024 and November 30, 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 for the six months ended November 30, 2024. See Note 10 - Commitments and Contingencies for further discussion.
[3] Includes related party interest expense of $0.7 million for the three and six months ended November 30, 2023. There was no related party debt outstanding during the three and six months ended November 30, 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.