v3.25.2
Significant Accounting Policies (Tables)
12 Months Ended
Apr. 30, 2025
Disclosure Of Significant Accounting Policies [Abstract]  
Summary of Revenue Recognized Over Time Versus at Point in Time The following table summarizes revenue recognized over time versus at a point in time for the years ended April 30:

 

 

 

 

 

Years ended
April 30,

 

Timing of recognition
(in thousands)

 

2025
$

 

 

2024
$

 

 

2023
$

 

Point-in-time

 

 

22,175

 

 

 

22,235

 

 

 

18,677

 

Over time

 

 

2,345

 

 

 

2,283

 

 

 

1,988

 

 

 

 

24,520

 

 

 

24,518

 

 

 

20,665

 

Summary of Classification and Measurement of Financial Assets and Liabilities

Equity instruments that are held for trading are classified as FVTPL. For other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument-by-instrument basis) to designate them as at FVTOCI. Financial liabilities are measured at amortized cost, unless they are required to be measured at FVTPL (such as instruments held for trading or derivatives) or if the Company has opted to measure them at FVTPL.

 

 

Classification and measurement IFRS 9

Cash

 

Amortized cost

Amounts receivable

 

Amortized cost

Investment

 

FVTPL

Accounts payable and accrued liabilities

 

Amortized cost

Convertible Debentures

 

Amortized cost

Deferred acquisition payments

 

Amortized cost

Schedule of Estimated Term of Asset

Equipment and leasehold improvements are stated at cost, less accumulated depreciation and impairment losses. Depreciation is provided using the straight-line method over the following terms:

 

Asset

 

Basis

 

Term

Lab equipment

 

Straight line

 

5 years

Furniture and equipment

 

Straight line

 

5 years

Computer hardware

 

Straight line

 

2 years

Computer software

 

Straight line

 

1 year

Building

 

Straight line

 

Remaining term of the property lease

Automobile

 

Straight line

 

Remaining term of the automobile lease

Leasehold improvements

 

Straight line

 

Shorter of useful life and remaining term of the lease plus the first renewal option

Summary of Amortization of Intangible Assets with Finite Lives Amortization for intangible assets with finite lives is provided over the following terms:

 

Asset

 

Basis

 

Term

Internally generated development costs

 

Straight line

 

5 years

Intellectual property

 

Straight line

 

10 - 15 years

Proprietary processes

 

Straight line

 

5 years

Certifications

 

Straight line

 

1 year

Customer list

 

Straight line

 

2 years