| Schedule of accrued liabilities |
Accrued liabilities as of April 30, 2025 and October 31, 2024 consisted of the following (in thousands): | | | | | | | | | April 30, | | October 31, | | | 2025 | | 2024 | Accrued payroll and employee benefits (1) | | $ | 5,386 | | $ | 9,808 | Consideration payable to a customer (2) | | | 2,515 | | | 2,515 | Accrued service agreement and PPA costs (3) | | | 10,647 | | | 10,574 | Accrued legal, taxes, professional and other | | | 4,972 | | | 5,230 | Accrued severance costs (4) | | | 1,432 | | | 2,235 | Accrued liabilities | | $ | 24,952 | | $ | 30,362 |
| (1) | The balance in this account represents accrued payroll, payroll taxes and accrued bonus for both periods. |
| (2) | The balance represents the net amount due to Toyota as an accrued liability, which will be reduced over time against billings to Toyota for hydrogen sales under the terms of the Toyota HPPA. |
| (3) | Accrued service agreement costs include loss accruals on service agreements of $8.9 million and $9.0 million as of April 30, 2025 and October 31, 2024, respectively. The accruals for performance guarantees on service agreements and PPAs were $1.6 million and $1.5 million as of April 30, 2025 and October 31, 2024, respectively. |
| (4) | Accrued severance costs represent amounts accrued relating to restructuring activities and workforce reductions that occurred in September and November of fiscal year 2024. Refer to Note 5. “Restructuring” for more information about the restructuring. |
|