v3.26.1
Long-Term Debt (Tables)
12 Months Ended
Apr. 30, 2026
Debt Disclosure [Abstract]  
Summary of Long-term Debt

The Company’s long-term debt consisted of the following at:

 

 

 

April 30, 2026

 

 

April 30, 2025

 

Term loan

 

$

45,000

 

 

$

45,000

 

Accumulated paid-in-kind interest applied to term loan balance

 

 

1,395

 

 

 

1,395

 

Less: unamortized debt issuance costs and debt discount

 

 

(3,746

)

 

 

(5,297

)

Total long-term debt

 

$

42,649

 

 

$

41,098

 

 

Summary of Expenses Related to Term Loan

The Company recognized expenses related to the Term Loan 2024 as follows:

 

 

 

Year Ended April 30,

 

 

 

2026

 

 

2025

 

Cash interest expense

 

$

5,645

 

 

$

4,851

 

Amortization of the facility fee and legal fees

 

 

380

 

 

 

874

 

Amortization of the debt discount recognized in connection with the warrant

 

 

1,521

 

 

 

526

 

Interest expense paid-in-kind and applied to the Term Loan 2024 balance

 

 

 

 

 

855

 

Total expense recognized related to the Term Loan 2024

 

$

7,546

 

 

$

7,106