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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 25, 2024
Aug. 27, 2023
Cash flows from operating activities:    
Net loss $ (16,230) $ (10,754)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,993 2,168
Stock-based compensation 2,419 1,533
Deferred taxes (100) 76
Change in debt derivative liability, related party (900) (200)
Provision for expected credit losses (11) 21
Other, net 0 3
Changes in operating assets and liabilities:    
Inventories (1,663) (849)
Other assets (244) (2,426)
Accounts payable 3,628 (4,202)
Accrued compensation 32 371
Other liabilities 1,154 (2,530)
Net cash used in operating activities (643) (8,329)
Cash flows from investing activities:    
Purchases of property, plant, and equipment (3,392) (5,054)
Net cash used in investing activities (3,392) (5,054)
Cash flows from financing activities:    
Issuance of common stock under stock-based compensation plans 1 0
Proceeds from exercise of stock options 0 724
Proceeds from revolving credit facility, net 1,914 2,281
Taxes paid by the Company for employee stock plans (589) (45)
Principal payments on equipment financing, related party (193) 0
Principal payments on finance leases (40) (26)
Net cash provided by financing activities 1,093 2,934
Net decrease in cash (2,942) (10,449)
Cash, beginning of period 8,462 19,091
Cash, end of period 5,520 8,642
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property, plant, and equipment in accounts payable 5,906 4,741
Capitalized interest 711 969
Convertible Preferred Stock PIK dividend 806 748
Nonrelated party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest expense 423 0
Changes in operating assets and liabilities:    
Accounts receivable 2,680 9,241
Deferred revenues (749) (451)
Related party    
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-cash interest expense 4,296 3,025
Changes in operating assets and liabilities:    
Accounts receivable 3,339 (6,855)
Deferred revenues $ (710) $ 3,500