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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2024
Apr. 30, 2024
Current assets:    
Cash and cash equivalents $ 41,581 $ 31,789
Marketable securities 94,195 178,612
Research and development tax credit receivable 11,082 8,439
Prepaid expenses and other current assets 5,409 6,850
Total current assets 152,267 225,690
Property and equipment, net 2,039 2,227
Right of use assets 5,863 6,920
Other assets 662 567
Total assets 160,831 235,404
Current liabilities:    
Accounts payable 5,198 9,107
Accrued expenses 15,429 12,398
Lease liability - current portion 1,537 1,302
Total current liabilities 22,164 22,807
Long-term liabilities:    
Lease liability - net of current portion 4,675 6,015
Total long-term liabilities 4,675 6,015
Commitments and contingencies (Note 6)
Stockholders’ equity    
Common stock, $0.001 par value, 100,000,000 authorized Shares issued and outstanding: 43,271,501 at October 31, 2024 and 42,521,975 at April 30, 2024 43 42
Additional paid-in capital 689,087 679,754
Accumulated deficit (552,437) (469,726)
Accumulated other comprehensive loss (2,701) (3,488)
Total stockholders’ equity 133,992 206,582
Total liabilities and stockholders’ equity $ 160,831 $ 235,404