v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE PREFERRED STOCK AND SHAREHOLDERS' EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Redeemable Preferred Stock
Common Shares
Additional Paid-In Capital
Accumulated Deficit
Non-controlling Interests
Beginning balance at Apr. 30, 2023   $ 102,110        
Beginning balance (in shares) at Apr. 30, 2023   102,110        
Beginning balance at Apr. 30, 2023 $ (117,578)   $ 19,909 $ 174,828 $ (312,315)  
Beginning balance (in shares) at Apr. 30, 2023     19,909,281      
Stock-based compensation expense 1,488     1,488    
Issuance of redeemable preferred stock   $ 75,000        
Issuance of redeemable preferred stock (in shares)   75,000        
Deemed dividend for payments to third party on behalf of shareholder (799)     (799)    
Capital contribution from West Affum LP related to warrant obligation 1,632     1,632    
Net loss and comprehensive loss $ (94,120)       (94,120)  
Ending balance at Apr. 30, 2024   $ 177,110        
Ending balance (in shares) at Apr. 30, 2024 177,110 177,110        
Ending balance at Apr. 30, 2024 $ (209,377)   $ 19,909 177,149 (406,435)  
Ending balance (in shares) at Apr. 30, 2024     19,909,281      
Stock-based compensation expense $ 24,271     24,271    
Issuance of redeemable preferred stock   $ 103,400        
Issuance of redeemable preferred stock (in shares) 0 103,400        
Issuance of stock to non-controlling interest $ 17,100         $ 17,100
Deemed dividend for payments to third party on behalf of shareholder (4,878)     (4,878)    
Conversion of Incentive Units to common shares on IPO (in shares)     651,577      
Conversion of Incentive Units to common shares on IPO     $ 652 (652)    
Capital contribution from West Affum LP 2,374     2,374    
Warrant modification upon IPO (1,171)     (1,171)    
Conversion of redeemable preferred stock to common shares on IPO (in shares)     15,444,716      
Conversion of redeemable preferred stock to common shares on IPO 280,510   $ 15,445 265,065    
Conversion of redeemable preferred stock to common shares on IPO ( in shares)   (280,510)        
Conversion of redeemable preferred stock to common shares on IPO   $ (280,510)        
Conversion of non-controlling interest to common shares on IPO (in shares)     1,645,893      
Conversion of non-controlling interest to common shares on IPO     $ 1,646 15,454   $ (17,100)
Issuance of common shares upon IPO, net of underwriter discounts and issuance costs of $21,909 210,391   $ 13,665 196,726    
Issuance of common shares upon IPO, net of underwriter discounts and issuance costs of $21,909 (in shares)     13,664,704      
Issuance of restricted share awards     $ 32 (32)    
Issuance of restricted share awards (in shares)     32,485      
Net loss and comprehensive loss $ (113,814)       (113,814)  
Ending balance (in shares) at Apr. 30, 2025 0          
Ending balance at Apr. 30, 2025 $ 205,406   $ 51,349 $ 674,306 $ (520,249)  
Ending balance (in shares) at Apr. 30, 2025     51,348,656