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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Feb. 25, 2024
Feb. 26, 2023
Cash flows from operating activities:    
Net income (loss) $ 19,096 $ (60,279)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Impairment of indefinite-lived intangible assets and goodwill 0 300
Depreciation and amortization 6,607 10,507
Accretion of debt discount, related party 0 0
Stock-based compensation expense 4,603 2,796
Deferred taxes 227 57
Interest expense PIK, related party 9,409 0
Change in debt derivative liability, related party (41,900) 0
Provision for expected credit losses 77 200
Net gain on disposal of property and equipment held and used 19 0
Right-of-use asset impairment 1,402 0
Other, net 0 101
Changes in current assets and current liabilities:    
Inventories 1,171 (14,847)
Prepaid expenses, other current assets, and other assets 1,586 (1,309)
Accounts payable (4,617) 11,330
Accrued compensation (75) (1,895)
Other accrued liabilities (200) 8,570
Net cash used in operating activities (8,857) (15,179)
Cash flows from investing activities:    
Purchases of property and equipment (15,284) (14,309)
Net cash (used in) provided by investing activities (15,284) 1,357
Cash flows from financing activities:    
Proceeds from exercise of options 724 4,822
Proceeds from long-term debt 0 3,367
Payments on long-term debt (386) (3,199)
Proceeds from (payments on) revolving credit facility, net 3,104 (24,000)
Proceeds from working capital deposit 5,000 0
Principal payments on finance leases (96) 0
Taxes paid by Company for employee stock plans (99) (274)
Payments for debt issuance costs (124) (3,669)
Proceeds from sale of preferred stock, net of issuance costs 0 38,082
Net cash provided by financing activities 8,123 15,129
Net (decrease) increase in cash (16,018) 1,307
Cash, beginning of period 19,091 1,643
Cash, end of period 3,073 2,950
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property and equipment in accounts payable 5,433 3,918
Capitalized interest expense 3,250 1,052
Convertible Preferred Stock PIK dividend 2,287 428
Nonrelated Party    
Changes in current assets and current liabilities:    
Accounts receivable 5,610 8,943
Deferred revenues 287 1,792
Related Party    
Changes in current assets and current liabilities:    
Accounts receivable (8,108) 0
Deferred revenues (4,051) 0
BreatheWay    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on sale of divested business 0 (2,108)
Cash flows from investing activities:    
Proceeds from the sale of net 0 15,666
Yucatan    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on sale of divested business $ 0 $ 20,663