v3.26.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Jul. 31, 2026
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total to the same amounts shown in the Consolidated Statements of Cash Flows.

 

   July 31, 2026   April 30, 2026 
   (in thousands) 
Cash and cash equivalents  $7,356   $8,719 
Restricted cash, short-term   154    154 
Cash, cash equivalents, restricted cash and restricted cash  $7,510   $8,873 
Schedule of Property and Equipment Estimated Useful Life

 

Description   Estimated depreciable life
     
Equipment   5-7 years
Computer equipment & software   3 years
Office furniture & fixtures   3-7 years
Leasehold improvements   Shorter of the estimated useful life or lease term
Leased Power Buoy and mooring assets   7 years
Leased WAM-V assets   7 years
Schedule of Revenue Recognized Under ASC 606 and ASC 842

The table below represents the total revenue recognized under ASC 606 and ASC 842 for the three months ended July 31, 2026 and 2025.

 

                   
  

Three months ended

July 31, 2026

  

Three months ended

July 31, 2025

 
   ASC 606   ASC 842   Total   ASC 606   ASC 842   Total 
   (in thousands)   (in thousands) 
Product Line:                              
WAM-V  $321   $68   $389   $1,038   $67   $1,105 
Buoy   27    589    616    66        66 
Services   698        698    11        11 
Total  $1,046   $657   $1,703   $1,115   $67   $1,182 
                               
Region:                              
North and South America  $768   $589   $1,357   $134   $   $134 
EMEA   21    68    89    980    67    1,047 
Asia and Australia   257        257    1        1 
Total  $1,046   $657   $1,703   $1,115   $67   $1,182