| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
| | |
Year Ended April 30, 2026 | |
| | |
North & South
America | | |
Europe | | |
Asia and
Australia | | |
Total | |
| | |
(in thousands) | |
| Revenue from external customers | |
$ | 1,220 | | |
$ | 1,793 | | |
$ | 724 | | |
$ | 3,737 | |
| Operating loss | |
| (36,494 | ) | |
| (82 | ) | |
| (1,787 | ) | |
| (38,363 | ) |
| Right-of-use assets, net | |
| 1,886 | | |
| — | | |
| — | | |
| 1,886 | |
| Long-lived assets | |
| 10,255 | | |
| — | | |
| — | | |
| 10,255 | |
| Total assets | |
| 39,923 | | |
| — | | |
| — | | |
| 39,923 | |
| | |
Year Ended April 30, 2025 | |
| | |
North & South
America | | |
Europe | | |
Asia and
Australia | | |
Total | |
| | |
(in thousands) | |
| Revenue from external customers | |
$ | 3,855 | | |
$ | 1,888 | | |
$ | 118 | | |
$ | 5,861 | |
| Operating (loss) income | |
| (22,835 | ) | |
| 467 | | |
| 78 | | |
| (22,290 | ) |
| Right-of-use assets, net | |
| 1,552 | | |
| — | | |
| — | | |
| 1,552 | |
| Long-lived assets | |
| 3,444 | | |
| — | | |
| — | | |
| 3,444 | |
| Total assets | |
| 30,793 | | |
| — | | |
| — | | |
| 30,793 | |
|
| Schedule of Operating Segment Expenses |
The
following table presents selected financial information with respect to the Company’s single operating segment and its significant
segment expenses for the years ended April 30, 2026 and 2025:
Schedule of Operating Segment Expenses
| | |
2026 | | |
2025 | |
| | |
Fiscal years ended April 30, | |
| | |
2026 | | |
2025 | |
| | |
(in thousands) | |
| Revenue | |
$ | 3,737 | | |
$ | 5,861 | |
| Less: | |
| | | |
| | |
| Cost of sales | |
| 9,658 | | |
| 4,201 | |
| Product development costs | |
| 1,690 | | |
| 1,619 | |
| Employee-related costs | |
| 8,425 | | |
| 6,939 | |
| Professional, consulting and contractor fees | |
| 5,584 | | |
| 4,705 | |
| General and administrative costs | |
| 3,568 | | |
| 2,889 | |
| Facilities costs | |
| 1,726 | | |
| 1,587 | |
| Share-based compensation | |
| 9,488 | | |
| 4,603 | |
| Depreciation and amortization expense | |
| 1,028 | | |
| 904 | |
| Other expense, net | |
| 891 | | |
| 68 | |
| Interest expense/(income), net | |
| 2,785 | | |
| (47 | ) |
| Credit loss expense | |
| 933 | | |
| 100 | |
| Change in fair value of derivatives | |
| 5,690 | | |
| 2,956 | |
| Loss on extinguishment of debt | |
| 1,186 | | |
| 838 | |
| Income tax benefit | |
| — | | |
| (1,034 | ) |
| Net loss | |
$ | (48,915 | ) | |
$ | (24,466 | ) |
|