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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2022
Apr. 30, 2022
Apr. 30, 2021
Current assets:      
Cash and cash equivalents $ 37,863 $ 30,732  
Marketable securities 104,212 135,470  
Research and development tax credit receivable 17,248 14,098  
Prepaid expenses and other current assets 11,084 13,347  
Total current assets 170,407 193,647  
Property and equipment, net 3,030 2,178  
Right of use assets 8,664 7,862  
Other assets 218 193  
Total assets 182,319 203,880  
Current liabilities:      
Accounts payable 2,908 3,638  
Accrued expenses 5,828 6,961  
Lease liability - current portion 997 977  
Total current liabilities 9,733 11,576  
Long-term liabilities:      
Lease liability - net of current portion 8,014 7,211  
Total long-term liabilities 8,014 7,211  
Commitments and contingencies (Note 6)  
Stockholders’ equity      
Common stock, $0.001 par value, 100,000,000 authorized Shares issued and outstanding: 24,570,872 at July 31, 2022 and 24,550,748 at April 30, 2022 25 25  
Additional paid-in capital 441,914 439,104  
Accumulated deficit (273,217) (250,175)  
Accumulated other comprehensive loss (4,150) (3,861)  
Total stockholders’ equity 164,572 185,093 $ 257,193
Total liabilities and stockholders’ equity $ 182,319 $ 203,880