v3.26.1
Inventory
12 Months Ended
Apr. 30, 2026
Inventory Disclosure [Abstract]  
Inventory

(4) Inventory

 

The Company holds inventory related to the production of its WAM-V® and PowerBuoy® products.

 

   April 30, 2026   April 30, 2025 
   (in thousands) 
Raw Materials  $2,581   $3,586 
Work in Process   609    636 
Finished Goods        
Inventory, net  $3,190   $4,222 

 

The Company’s raw materials balance represents the majority of the inventory as the Company orders parts in quantity to fill orders. Work in process and finished products typically represent smaller portions of inventory as the Company does not historically hold finished products with the exception of assets transferred to property, plant, and equipment once transitioned to the lease fleet. The Company typically ships finished products as they are completed.