v3.26.1
Leases (Tables)
12 Months Ended
Apr. 30, 2026
Presentation of leases for lessee [abstract]  
Schedule of Future Minimum Lease Payments Related to Equipment under Finance Lease and Office Lease Obligation The following is a schedule of the Company’s future minimum lease payments related to the equipment and automobiles under finance lease and the office lease obligation:

 

(in thousands)

 

$

 

2027

 

 

670

 

2028

 

 

670

 

2029

 

 

653

 

2030

 

 

605

 

2031

 

 

491

 

More than 5 years

 

 

1,295

 

Total minimum lease payments

 

 

4,384

 

Less: imputed interest

 

 

(858

)

Total present value of minimum lease payments

 

 

3,526

 

Less: Current portion

 

 

(457

)

Non-current portion

 

 

3,069

 

 

Schedule of Nature of Company's Leases Type of Right-of-Use Asset

The nature of the Company’s leases by type of right-of-use asset as of April 30, 2026, is as follows:

 

Right-of-use asset type

 

No. of
right-of-
use
assets
leased

 

 

Range
of
remaining
term

 

Average
remaining
lease term

 

No. of
leases
with
extension
options

 

 

No. of
leases
with
options to
purchase

 

 

No. of
leases
with
variable
payments
linked to
an index

 

 

No. of
leases
with
termination
options

 

Lab and office facilities

 

 

3

 

 

2.7 - 7.7 years

 

5.6 years

 

 

1

 

 

 

 

 

 

3

 

 

 

3

 

Automobiles

 

 

9

 

 

2.2 - 4.4 years

 

3.3 years

 

 

 

 

 

 

 

 

9

 

 

 

9

 

Lab equipment

 

 

2

 

 

3.8-4.0 years

 

3.9 years

 

 

 

 

 

2

 

 

 

2

 

 

 

2

 

Schedule of Lease Payments Not Recognized Liability The expense relating to payments not included in the measurement of the lease liability during the years ended April 30, 2026, 2025 and 2024 are as follows:

 

(in thousands)

 

2026
$

 

 

2025
$

 

 

2024
$

 

Leases of low value assets

 

 

21

 

 

 

21

 

 

 

7

 

Variable lease payments

 

 

466

 

 

 

567

 

 

 

467

 

 

 

487

 

 

 

588

 

 

 

474