v3.26.3
Other Current Assets
3 Months Ended
Jul. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets

(5) Other Current Assets

 

Other current assets consisted of the following at July 31, 2026 and April 30, 2026:

 

   July 31, 2026   April 30, 2026 
   (in thousands) 
Prepaid insurance  $   $282 
Prepaid software & licenses   258    133 
Prepaid sales & marketing   226    157 
Prepaid project costs   163    421 
Prepaid inventory materials   985    1,458 
Net investment in lease   116    127 
Prepaid expenses- other   104    70 
Total other current assets  $1,852   $2,648 

 

The Company recognizes prepaid project costs 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 assets based on when management estimates the revenue will be recognized. As of July 31, 2026, the Company has net prepaid project costs of $0.2 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.