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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Aug. 25, 2024
Aug. 27, 2023
Revenues $ 24,705 $ 24,522
Cost of goods sold 19,318 21,794
Gross profit 5,387 2,728
Operating costs and expenses:    
Research and development 2,186 2,146
Selling, general, and administrative 14,785 9,196
Total operating costs and expenses 16,971 11,342
Operating loss (11,584) (8,614)
Change in fair value of debt derivative liability, related party 900 200
Other expense, net (203) (170)
Net loss from continuing operations before taxes (16,255) (12,522)
Provision for income tax benefit (expense) 25 (88)
Net loss from continuing operations (16,230) (12,610)
Discontinued operations:    
Income from discontinued operations 0 1,850
Income tax benefit 0 6
Income from discontinued operations, net of tax 0 1,856
Net loss $ (16,230) $ (10,754)
Basic and diluted net income (loss) per share:    
Loss from continuing operations - basic (in dollars per share) $ (0.53) $ (0.41)
Income from discontinued operations - basic (in dollars per share) 0 0.06
Total basic net loss per share (in dollars per share) (0.53) (0.35)
Loss from continuing operations - diluted (in dollars per share) (0.53) (0.41)
Income from discontinued operations - diluted (in dollars per share) 0 0.06
Total diluted net loss per share (in dollars per share) $ (0.53) $ (0.35)
Shares used in per share computation:    
Basic (in shares) 30,855,742 30,403,392
Diluted (in shares) 30,855,742 30,403,392
Nonrelated party    
Revenues $ 16,793 $ 16,953
Operating costs and expenses:    
Interest expense, net (968) (793)
Related party    
Revenues 7,912 7,569
Operating costs and expenses:    
Interest expense, net $ (4,400) $ (3,145)