v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2026
May 31, 2025
Revenue    
Total revenue $ 71,604 $ 84,376
Costs and expenses:    
Cost of revenues 88,691 115,308
Selling, general and administrative 19,812 24,813
Loss (gain) on sale of assets 598 (414)
Total costs and expenses 109,101 139,707
Operating loss (37,497) (55,331)
Interest expense, net 9,583 17,399
Loss on change in fair value of warrants 2,212 0
Other Expense, net 8 0
Net loss from continuing operations before income tax expense (49,300) (72,730)
Income tax expense (benefit) 0 0
Net loss from continuing operations (49,300) (72,730)
Net loss from discontinued operations (1,020) 0
Net loss $ (50,320) $ (72,730)
Basic and diluted net loss per share attributable to common shareholders    
Continuing operations, basic (in dollars per share) $ (0.35) $ (0.53)
Continuing operations, diluted (in dollars per share) (0.35) (0.53)
Discontinued operations, basic (in dollars per share) (0.01) 0
Discontinued operations, diluted (in dollars per share) (0.01) 0
Basic net loss per share (in dollars per share) (0.36) (0.53)
Diluted net loss per share (in dollars per share) $ (0.36) $ (0.53)
Basic weighted average number of shares outstanding (in shares) 138,698 138,217
Diluted weighted average number of shares outstanding (in shares) 138,698 138,217