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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2025
Apr. 30, 2025
Current assets:    
Cash and cash equivalents $ 11,659 $ 6,715
Accounts receivable, net 1,100 1,191
Contract assets 752 1,088
Inventory 4,694 4,222
Other current assets 722 400
Total current assets 18,927 13,616
Property and equipment, net 5,863 3,444
Intangibles, net 3,423 3,490
Right-of-use assets, net 2,414 1,552
Restricted cash, long-term 154 154
Goodwill 8,537 8,537
Total assets 39,318 30,793
Current liabilities:    
Accounts payable 1,436 568
Earnout payable 200 300
Convertible notes payable (Note 13) 10,251
Derivative liability (Note 13) 881
Accrued expenses 1,318 1,271
Right-of-use liabilities, current portion 1,140 1,150
Contract liabilities 135
Total current liabilities 15,361 3,289
Deferred tax liability 203 203
Right-of-use liabilities, less current portion 1,455 649
Total liabilities 17,019 4,141
Commitments and contingencies (Note 14)  
Shareholders’ Equity:    
Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding; 100,000 designated as Series A
Common stock, $0.001 par value; authorized 300,000,000 shares, issued 189,777,289 shares and 189,050,563 shares respectively; outstanding 188,989,809 shares and 171,263,086 shares, respectively 190 172
Treasury stock, at cost; 787,477 and 787,477 shares, respectively (1,018) (1,018)
Additional paid-in capital 370,429 356,588
Accumulated deficit (347,302) (329,090)
Accumulated other comprehensive loss
Total shareholders’ equity 22,299 26,652
Total liabilities and shareholders’ equity $ 39,318 $ 30,793