Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
May 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Held for Sale Assets and liabilities held for sale were recorded at their estimated fair values less costs to sell, as presented in the following table:
Acquisition Date
ASSETS
Current assets:
Accounts receivable, net $ 4,125 
Inventories 4,562 
Prepaid expenses and other current assets 1,150 
Property and equipment, net 1,086 
Intangible assets, net 10,950 
Operating lease right-of-use assets, net 315 
Other assets 369 
Estimated costs to sell (2,365)
Total current assets held for sale $ 20,192 
LIABILITIES
Current liabilities:
Accounts payable $ 281 
Accrued liabilities 1,658 
Operating lease liabilities, current 321 
Deferred revenues, current 1,401 
Deferred revenues, non-current 1,288 
Operating lease liabilities, non-current 114 
Other non-current liabilities 62 
Total current liabilities held for sale $ 5,125 
The following table presents the major components of the financial results of the Legacy Ekso Business for the periods presented.
Fiscal Year Ended
May 31, 2026
Revenue $ 385 
Costs and expenses:
Cost of revenues 302 
Selling, general and administrative 1,103 
Total costs and expenses 1,405 
Operating loss from discontinued operations
 (1,020)
Other expense, net — 
Net loss from discontinued operations before income tax expense (1,020)
Income tax expense — 
Net loss from discontinued operations $ (1,020)
The following table represents the aggregated carrying amounts of classes of assets and liabilities that are classified as held for sale on the consolidated balance sheets for the periods presented:
(in thousands) May 31, 2026
ASSETS
Current assets:
Cash $ 2 
Accounts receivable 3,914 
Prepaid expenses and other current assets 5,604 
Property and equipment, net 1,084 
Intangible assets, net 10,950 
Operating lease right of use asset, net 284 
Other assets 368 
Estimated costs to sell (2,365)
Total current assets held for sale $ 19,841 
LIABILITIES
Current liabilities:
Accounts payable 263 
Accrued liabilities 1,807 
Current portion of operating lease liability 290 
Deferred revenue 2,563 
Long-term portion of operating lease liability 105 
Total current liabilities held for sale
$ 5,028 

The following table summarizes the net cash flows from discontinued operations of the Legacy Ekso Business for the years ended May 31, 2026, and May 31, 2025:
Fiscal Year Ended
May 31, 2026
Net cash used in operating activities - discontinued operations $ (1,705)
Net cash used in investing activities - discontinued operations $ —