XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 28, 2022
May 31, 2021
ASSETS    
Inventories $ 14,152 $ 8,849
Prepaid expenses and other current assets 559 551
Total current assets 55,274 19,184
Property and equipment, net 776 677
Current assets:    
Operating lease right-of-use assets 1,091 1,606
Other assets 214 198
Total assets 57,355 21,665
Cash and cash equivalents 32,020 4,582
Current liabilities:    
Accounts payable 3,307 2,893
Accrued expenses 2,535 2,163
Operating lease liabilities, short-term 778 737
Customer deposits and deferred revenue, short-term 6,197 189
Line of credit 0 1,400
Current portion of long-term debt 0 1,679
Total current liabilities 12,817 9,061
Operating lease liabilities, long-term 415 1,007
Deferred revenue, long-term 90 99
Other long-term liabilities 45 49
Total liabilities 13,367 10,216
Shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 26,914 shares and 23,725 shares at February 28, 2022 and May 31, 2021, respectively 269 237
Additional paid-in capital 116,507 87,553
Accounts receivable, net 8,543 5,202
Accumulated other comprehensive loss (131) (28)
Accumulated deficit (72,657) (76,313)
Total shareholders' equity 43,988 11,449
Total liabilities and shareholders' equity $ 57,355 $ 21,665