v3.26.3
Leases (Tables)
3 Months Ended
Jul. 31, 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

 

 

519

 

2028

 

 

692

 

2029

 

 

674

 

2030

 

 

624

 

2031

 

 

489

 

More than 5 years

 

 

1,295

 

Total minimum lease payments

 

 

4,293

 

Less: imputed interest

 

 

(809

)

Total present value of minimum lease payments

 

 

3,484

 

Less: Current portion

 

 

(483

)

Non-current portion

 

 

3,001

 

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 at July 31, 2026, is as follows:

Right-of-use assets

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

 

 

1

 

 

7.4 years

 

7.4 years

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Lab equipment

 

 

3

 

 

3.5 - 3.8 years

 

3.7 years

 

 

—

 

 

 

3

 

 

 

3

 

 

 

3

 

Automobiles

 

 

9

 

 

1.9 - 4.2 years

 

3.0 years

 

 

—

 

 

 

—

 

 

 

9

 

 

 

9

 

Schedule of Lease Payments Not Recognized Liability Expense relating to payments not included in the measurement of the lease liability during the three months ended July 31, 2026, and 2025 are as follows:

(in thousands)

 

2026
$

 

 

2025
$

 

Leases of low value assets

 

 

6

 

 

 

6

 

Variable lease payments

 

 

125

 

 

 

125

 

 

 

 

131

 

 

 

131