Basis of Presentation |
3 Months Ended |
|---|---|
Jul. 31, 2026 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | (2) Basis of Presentation: Interim Financial Information — The condensed consolidated balance sheet as of July 31, 2026, the condensed consolidated statements of operations for the three months ended July 31, 2026 and 2025, the condensed consolidated statements of changes in stockholders’ equity for the three months ended July 31, 2026 and 2025, and the condensed consolidated statements of cash flows for the three months ended July 31, 2026 and 2025 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows for the three months ended July 31, 2026 and for the periods presented, have been included. All intercompany transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of April 30, 2026 has been derived from our audited consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Fiscal 2026 Form 10-K. The results of operations for the three months ended July 31, 2026 may not be indicative of the results that may be expected for the fiscal year ending April 30, 2027, or any other period. Marketable Securities — Marketable securities are defined as equity investments that are highly liquid and can be readily purchased or sold through established markets. As of July 31, 2026, we had marketable securities of $6.5 million, comprised of exchange-traded and mutual funds. These investments are reported at fair value on our condensed consolidated balance sheets, with the related unrealized gains and losses recorded in other income, net on our condensed consolidated statements of operations. Net unrealized gains and losses recognized on our marketable securities during the three months ended July 31, 2026 and 2025 totaled $77,000 and $51,000, respectively, all of which related to securities that we continued to hold as of July 31, 2026. Recently Issued Accounting Standards — In November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses, which requires entities to disclose, in the notes to financial statements, specified information about certain costs and expenses included in each relevant expense caption presented on the face of the income statement. Entities will also be required to disclose qualitative descriptions of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. Entities will need to disclose the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. Entities are required to apply the guidance prospectively, with the option to apply it retrospectively. The guidance is effective for annual periods beginning after December 15, 2026, or the fiscal year ending April 30, 2028 for us. We are currently evaluating the impact that the adoption of this standard will have on our financial disclosures. |