v3.26.1
Other Current Assets
12 Months Ended
Apr. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

(5) Other Current Assets

 

Other current assets consist of the following at April 30, 2026 and 2025:

 

   April 30, 2026   April 30, 2025 
   (in thousands) 
Prepaid insurance  $282   $80 
Prepaid software & licenses   133    68 
Prepaid sales & marketing   157    90 
Prepaid project costs   421    36 
Prepaid inventory materials   1,458     
Net investment in lease   127     
Prepaid expenses- other   70    126 
Total other current assets  $2,648   $400 

 

The Company recognizes prepaid project costs for when the Company has incurred costs for customer contracts but for which the Company has not yet achieved and delivered related milestones or complete performance obligations under that contract. Prepaid project costs are classified within other current asset based on when management estimates the revenue will be recognized. As of April 30, 2026, the Company has net prepaid project costs of $0.4 million. The amount recorded will be recognized as cost of goods sold if and when the Company achieves and delivers the performance obligations under the terms of the applicable agreement.