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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2022
May 31, 2021
Current Assets:    
Cash and cash equivalents $ 11,961 $ 11,750
Accounts receivable 1,038 0
Prepaid expenses and other current assets 2,096 5
Current assets of discontinued operations 3,573 0
Total current assets 18,668 11,755
Right of use asset, net 1,207 0
Deposit on equipment 0 3,277
Property Plant and Equipment, Net 43,619 20
TOTAL ASSETS 63,494 15,052
Current Liabilities:    
Accounts payable and accrued liabilities 13,038 248
Accrued dividends 0 116
Current portion of lease liability 211 0
Related party notes payable 0 2,135
Customer deposits 5,645 0
Deferred revenue 3,909 0
Other current liabilities 16 0
Total current liabilities 22,819 2,500
Deferred tax liability 274 0
Long-term portion of lease liability 1,009 0
Other Long Term Liabilities 50
Total liabilities 24,152 2,500
Commitments and contingencies
Mezzanine equity:    
Temporary equity, carrying amount 47,951 15,135
Shareholders' equity (deficit):    
Common stock, $.001 par value, 166,666,666 shares authorized, 53,396,920 and 1,511,061 shares issued and outstanding 320 9
Additional paid in capital 43,657 13,874
Treasury stock, 36,300 shares, at cost (62) (62)
Accumulated deficit (52,524) (21,623)
Total shareholders' deficit (8,609) (2,583)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' DEFICIT 63,494 15,052
Series C Convertible Redeemable Preferred Stock    
Mezzanine equity:    
Temporary equity, carrying amount 15,537 15,135
Series D Convertible Redeemable Preferred Stock    
Mezzanine equity:    
Temporary equity, carrying amount 32,414 0
Series A Preferred Stock    
Shareholders' equity (deficit):    
Convertible preferred stock 0 3,370
Series B Preferred Stock    
Shareholders' equity (deficit):    
Convertible preferred stock $ 0 $ 1,849