
	Fiscal Year Ended
	May 31, 2025		May 31, 2024		May 31, 2023
Net loss	$	(231,065)	$	(149,671)	$	(45,606)
Net loss attributable to noncontrolling interest	—		(397)		(960)
Preferred dividends	(2,615)		—		—
Net loss attributable to common stockholders	$	(233,680)	$	(149,274)	$	(44,646)

Net loss attributable to common stockholders
Continuing operations	$	(160,950)	$	(73,979)	$	(43,528)
Discontinued operations	(72,730)		(75,295)		(1,118)
Net loss	$	(233,680)	$	(149,274)	$	(44,646)

Basic and diluted net loss per share attributable to common stockholders
Continuing operations	$	(0.80)	$	(0.65)	$	(0.46)
Discontinued operations	(0.36)		(0.66)		(0.01)
Basic and diluted net loss per share	$	(1.16)	$	(1.31)	$	(0.47)

Basic and diluted weighted average number of shares outstanding	201,194,451		114,061,414		93,976,233

As of May 31, 2025 and 2024, the Company had approximately 14.1 million and 12.1 million shares, respectively, of granted but unvested restricted stock, performance stock, and restricted stock units that would have a potentially dilutive effect on earnings per share.

As of May 31, 2025, the Company had approximately 21.7 million shares associated with the Company’s preferred stock which have been excluded from the calculation of earnings per share because the effect of those shares would be antidilutive while as of May 31, 2024, the Company had approximately 19.0 million shares associated with the Yorkville Convertible Debt which have been excluded from the calculation of earnings per share because the effect of those shares would be antidilutive. Additionally, the Company had approximately 17.1 million and 12.3 million warrants outstanding as of May 31, 2025 and May 31, 2024, respectively, which have been excluded from the calculations of earnings per share because the effect of those shares would be antidilutive.

Lastly, if the Company's Convertible Notes were converted into shares of the Company's common stock as of May 31, 2025, approximately 46.1 million shares were excluded from the calculations of earnings per share because the effect of those shares would be antidilutive.