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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2023
Apr. 30, 2022
Current assets:    
Cash and cash equivalents $ 21,710 $ 19,521
Accounts receivable, net of allowance for credit losses of $142 on January 31, 2023 and $129 on April 30, 2022 25,142 28,879
Inventories 105,512 121,683
Prepaid expenses and other current assets 9,663 8,491
Income tax receivable 1,414 1,231
Total current assets 163,441 179,805
Property, plant, and equipment, net 9,791 10,621
Intangible assets, net 55,044 63,194
Right-of-use assets 24,593 23,884
Other assets 293 336
Total assets 253,162 277,840
Current liabilities:    
Accounts payable 10,075 13,563
Accrued expenses 10,095 7,853
Accrued payroll, incentives, and profit sharing 2,780 3,786
Lease liabilities, current 1,126 1,803
Total current liabilities 24,076 27,005
Notes and loans payable 9,599 24,697
Lease liabilities, net of current portion 24,298 23,076
Other non-current liabilities 31 31
Total liabilities 58,004 74,809
Commitments and contingencies (Note 12)
Equity:    
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 14,369,455 shares issued and 13,256,830 shares outstanding on January 31, 2023 and 14,240,290 shares issued and 13,403,326 shares outstanding on April 30, 2022 14 14
Additional paid in capital 271,276 268,393
Retained deficit (58,539) (50,351)
Treasury stock, at cost (1,112,625 shares on January 31, 2023 and 836,964 shares on April 30, 2022) (17,593) (15,025)
Total equity 195,158 203,031
Total liabilities and equity $ 253,162 $ 277,840