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Fair value of financial instruments (Tables)

12 Months Ended

May 25, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities

The debt derivative liability is currently the only financial instrument recorded at fair value on a recurring basis in the accompanying balance sheets. The following table presents information about those measurements:

Type of measurement

Measurement date

Type of measurement

Level 1

Level 2

Level 3

Liabilities

Debt derivative liability

Recurring

May 25, 2025

—

—

24,991

Debt derivative liability

Recurring

May 26, 2024

—

—

25,400

Schedule of Fair Value Reconciliation of Level 3

The following table presents the rollforward reconciliation of this Level 3 recurring fair value measurement:

									Year ended
															May 25, 2025						May 26, 2024
Balance at beginning of period															$	25,400					$	64,900
Change in fair value															(409)						(39,500)
Balance at end of period															$	24,991					$	25,400

Schedule of Derivative Liabilities Assumptions

Key inputs used to develop the fair value measurement were as follows:

			May 25, 2025						May 26, 2024
Probability of change in control event			80.0		%				80.0		%
Weighted average discount rate			18.4		%				21.4		%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
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