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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended
--- | ---
Feb. 26, 2023 | Feb. 27, 2022
Cash flows from operating activities: |  |
Net loss | $ (63,992) | $ (61,116)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Impairment of indefinite-lived intangible assets and goodwill | 300 | 32,057
Depreciation, amortization of intangibles, debt costs and right-of-use assets | 10,392 | 14,488
Gain on sale of BreatheWay | (2,108) | 0
Stock-based compensation expense | 2,796 | 1,928
Deferred taxes | 57 | (5,471)
Loss on disposal of property and equipment related to restructuring, net | 0 | 5,185
Other, net | 101 | (540)
Changes in current assets and current liabilities: |  |
Accounts receivable, net | 8,994 | (7,525)
Inventories | (13,451) | (11,910)
Prepaid expenses and other current assets | (1,169) | (1,448)
Accounts payable | 11,405 | 13,507
Accrued compensation | (1,895) | (2,027)
Other accrued liabilities | 8,570 | (70)
Deferred revenue | 1,792 | 662
Net cash used in operating activities | (17,169) | (22,045)
Cash flows from investing activities: |  |
Purchases of property and equipment | (12,319) | (18,539)
Working capital adjustments | 0 | 2,390
Sale of Investment in non-public company | 0 | 45,100
Proceeds from sales of property and equipment | 0 | 1,096
Net cash provided by investing activities | 3,347 | 98,767
Cash flows from financing activities: |  |
Proceeds from sale of common stock, net of issuance costs | 4,822 | 0
Proceeds from long-term debt | 3,367 | 0
Payments on long-term debt | (3,199) | (86,376)
Proceeds from lines of credit | 18,400 | 45,011
Payments on lines of credit | (42,400) | (34,111)
Taxes paid for employee stock plans | (274) | (518)
Payments for debt issuance costs | (3,669) | (169)
Proceeds from sale of preferred stock, net of issuance costs | 38,082 | 0
Net cash provided by (used in) financing activities | 15,129 | (76,163)
Net increase in cash and cash equivalents | 1,307 | 559
Cash and cash equivalents, beginning of period | 1,643 | 1,295
Cash and cash equivalents, end of period | 2,950 | 1,854
Supplemental disclosure of non-cash investing and financing activities: |  |
Purchases of property and equipment on trade vendor credit | 3,918 | 1,764
Convertible Preferred Stock PIK dividend | (428) | 0
Yucatan |  |
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Loss on disposition of business | 21,039 | 0
Cash flows from investing activities: |  |
Proceeds from the sale of BreatheWay, net | 12,531 | 0
Eat Smart |  |
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Loss on disposition of business | 0 | 235
Cash flows from investing activities: |  |
Proceeds from the sale of BreatheWay, net | 0 | 73,500
BreatheWay |  |
Cash flows from investing activities: |  |
Proceeds from the sale of BreatheWay, net | $ 3,135 | $ 0

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