• Filing Date: 2020-07-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.20.2
8.5% Senior Secured Notes (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Aug. 14, 2017
Aug. 11, 2017
Jul. 28, 2017
Aug. 31, 2017
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Nov. 30, 2019
Feb. 11, 2019
Jan. 30, 2019
Dec. 28, 2018
Dec. 10, 2018
Jan. 10, 2018
Dec. 31, 2017
Apr. 18, 2017
Dec. 29, 2016
Stock Purchase Agreement                                  
Debt Instrument [Line Items]                                  
Sale of stock, price per share (in dollars per share)     $ 0.20                            
Sale of stock, number of shares issued (in shares)     115,000,000                            
Brennan | Stock Purchase Agreement                                  
Debt Instrument [Line Items]                                  
Securities remaining for future issuance (in shares)   12,500,000   12,500,000                          
Sale of stock, price per share (in dollars per share)   $ 0.40   $ 0.40                          
Sale of stock, aggregate purchase price   $ 5,000,000   $ 5,000,000                          
Sale of stock, number of shares issued (in shares) 3,750,000 8,750,000                              
8.5% Senior Secured Notes                                  
Debt Instrument [Line Items]                                  
Debt interest rate     8.50%   8.50%   8.50%                    
Debt issued   $ 5,000,000.0 $ 30,000,000                            
Debt repurchase amount                     $ 1,500,000 $ 4,300,000     $ 24,500,000    
Debt repurchased                     $ 2,000,000 5,700,000          
Additional interest rate percentage to be paid to holders who accept interest paid-in-kind interest                         3.00%        
Senior notes, net         $ 46,207,000   $ 46,207,000   $ 45,675,000 [1]                
8.5% Senior Secured Notes | Board of Directors Member                                  
Debt Instrument [Line Items]                                  
Debt repurchase amount                       1,500,000          
Debt repurchased                       $ 2,000,000          
8.5% Senior Secured Notes | Brennan                                  
Debt Instrument [Line Items]                                  
Debt repurchase amount                   $ 967,000              
Debt repurchased                   $ 725,000              
Brennan Notes | Brennan | Stock Purchase Agreement                                  
Debt Instrument [Line Items]                                  
Debt repurchased $ 1,500,000 $ 3,500,000                              
15.0% Senior Secured Notes                                  
Debt Instrument [Line Items]                                  
Debt interest rate     15.00%                            
New Convertible Notes                                  
Debt Instrument [Line Items]                                  
Debt issued     $ 40,000,000.0                   $ 70,000,000.0        
Paid-in-kind interest payable                         26,800,000        
Paid-in-kind interest payable in cash                         $ 8,200,000        
Additional debt issuance                 $ 4,000,000                
Senior Secured Notes | New Senior Secured Notes                                  
Debt Instrument [Line Items]                                  
Percentage of senior debt to be purchased, maximum     100.00%                            
Senior Secured Notes | 8.5% Senior Secured Notes                                  
Debt Instrument [Line Items]                                  
Debt interest rate         8.50%   8.50%                    
Debt issued         $ 47,600,000.0   $ 47,600,000.0                    
Debt outstanding principal balance         47,600,000   47,600,000                    
Senior notes, net         46,200,000   46,200,000                    
Debt unamortized discount         1,100,000   1,100,000                    
Unamortized debt issuance costs         259,000   259,000                    
Interest expense debt         1,300,000 $ 1,500,000 2,600,000 $ 2,900,000                  
Interest included in interest expense         1,000,000 1,300,000 2,100,000 2,500,000                  
Amortization of debt origination costs         52,000 71,000 103,000 133,000                  
Amortization of debt discounts         $ 221,000 $ 133,000 $ 429,000 $ 193,000                  
Senior Secured Notes | 15.0% Senior Secured Notes                                  
Debt Instrument [Line Items]                                  
Debt issued                                 $ 69,600,000.0
Senior Secured Notes | 15.0% Senior Secured Notes | Change in control                                  
Debt Instrument [Line Items]                                  
Debt instrument, redemption price, percentage     107.50%                            
Convertible Notes | New Convertible Notes                                  
Debt Instrument [Line Items]                                  
Debt interest rate                               5.00%  
Debt issued     $ 75,800,000                            
Debt instrument, redemption price, percentage     100.00%                            
Debt instrument, required percentage pledged to equity interest     65.00%                            
Debt covenant, percent of equity interests pledged as collateral                           65.00%      
Debt instrument, required percentage of trustees or holders to declare notes immediately due and payable     25.00%                            
[1] Derived from audited consolidated financial statements.