v3.25.2
Net Loss Per Share
12 Months Ended
May 31, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share

3. Net Loss Per Share

Basic net loss per share is based on the weighted average number of common shares outstanding during each year. Diluted losses per share is based on the weighted average number of common shares and dilutive potential common shares outstanding. Our dilutive potential common shares outstanding during the years result from dilutive stock options and restricted stock units ("RSUs"). The following table presents the net loss per share calculations:

 

 

Year Ended May 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Numerator for basic and diluted net loss per share — Net Loss

 

$

(1,092,044

)

 

$

(9,421

)

 

$

(22,870

)

Denominator for basic net loss per share — Weighted average shares

 

 

216,894,861

 

 

 

216,481,878

 

 

 

188,880,836

 

Effect of dilutive stock options and restricted stock units

 

 

 

 

 

 

 

 

 

Denominator for diluted net loss per share

 

 

216,894,861

 

 

 

216,481,878

 

 

 

188,880,836

 

Net loss attributable per share

 

 

 

 

 

 

 

 

 

Basic

 

$

(5.03

)

 

$

(0.04

)

 

$

(0.12

)

Diluted

 

$

(5.03

)

 

$

(0.04

)

 

$

(0.12

)

 

Due to the net loss in fiscal years 2025, 2024, and 2023, the stock options and RSUs are anti-dilutive. At May 31, 2025, May 31, 2024, and May 31, 2023 approximately 120,736, 332,025 and 147,671 shares, respectively, were excluded from the calculation of diluted net loss per share, because the inclusion of such securities in the calculation would have been anti-dilutive.