v3.26.1
Business Combination (Tables)
 12 Months Ended
May 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Estimated Fair Values Of The Assets Acquired And Liabilities Assumed
The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date:
Cash and cash equivalents$13,492 
Accounts receivable, net of allowance for doubtful accounts4,125 
Inventory4,562 
Prepaid expenses1,150 
Property and equipment, net1,086 
Operating lease right-of-use assets, net315 
Intangible assets, net10,950 
Other assets369 
Total assets acquired$36,049 
Accounts payable$(281)
Accrued expenses(5,055)
Deferred revenues(1,400)
Operating lease liabilities(321)
Debt, current(3,346)
Deferred revenues non-current(1,288)
Debt, non-current(464)
Operating lease liabilities, non-current(114)
Other non-current liabilities(3,305)
Total liabilities assumed$(15,574)
Total identifiable net assets$20,475 
Less: Cash acquired through PIPE (defined below)(15,000)
Fair value of net assets acquired5,475 
Less: Impairment for assets held for sale (see Note 6 - Discontinued Operations)
2,365 
Fair value less costs to sell$3,110 
Total consideration transferred$57,623 
Less: Fair value less costs to sell3,110 
Goodwill$54,513 
Schedule of Unaudited Pro Forma Financial Information
The following unaudited pro forma financial information presents the combined results of operations as if the acquisition had occurred on June 1, 2024. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had occurred as of that date, nor is it intended to project future results.
Fiscal Year Ended
May 31, 2026May 31, 2025
Revenue$623,068 $243,220 
Net loss$(203,175)$(245,278)