Leases

12 Months Ended

Apr. 30, 2023

Leases [Abstract]

Leases

Leases

The Company’s operating leases are primarily related to facility leases for administration and sales personnel. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	Balance Sheet location	As of April 30, 2023		As of April 30, 2022
Assets
Right of use assets	Other assets	442		935
Liabilities
Current lease liabilities	Other current liabilities	411		541
Long-term lease liabilities	Other long-term liabilities	65		461
Total liabilities		$	476	$	1,002

Lease cost information related to operating leases is as follows (in thousands):

	Year ended April 30, 2023		Year ended April 30, 2022
Lease cost
Operating lease cost	515		740
Short-term lease cost	703		570
Variable lease cost	222		239
Total lease cost	$	1,440	$	1,549

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s consolidated statements of operations.

The impact of the Company's leases on the consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.3 million during fiscal 2023 . The Company did not renew one existing lease and did not execute any new leases during fiscal 2023.

The impact of the Company's leases on consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.6 million during fiscal 2022. The Company did not modify any existing leases or execute any new leases during fiscal 2022.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	April 30, 2023		April 30, 2022
Weighted average remaining lease term	1.2 years		1.9 years
Weighted average discount rate	3.1	%	3.2	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2023 (in thousands):

Years ended April 30:
2024	$	417
2025	67
Thereafter	—
Total operating lease payments	$	484
Less imputed interest	(8)
Total operating lease liabilities	$	476

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through June 2027. Lease income is included in "Other, net" in the Company’s consolidated statements of operations and totaled approximately $318,000 for the year ending April 30, 2023. Lease payments to be received as of April 30, 2023 are as follows (in thousands):

Years ended April 30:
2024	$	201
2025	102
2026	91
2027	96
2028	16
Thereafter	—
	$	506

Leases

Leases

The Company’s operating leases are primarily related to facility leases for administration and sales personnel. The operating leases have terms ranging from three to five years. While each of the leases includes renewal options, the Company has only included the base lease term in its calculation of lease assets and liabilities. The Company does not have any finance leases.

Balance sheet information related to operating leases is as follows (in thousands):

	Balance Sheet location	As of April 30, 2023		As of April 30, 2022
Assets
Right of use assets	Other assets	442		935
Liabilities
Current lease liabilities	Other current liabilities	411		541
Long-term lease liabilities	Other long-term liabilities	65		461
Total liabilities		$	476	$	1,002

Lease cost information related to operating leases is as follows (in thousands):

	Year ended April 30, 2023		Year ended April 30, 2022
Lease cost
Operating lease cost	515		740
Short-term lease cost	703		570
Variable lease cost	222		239
Total lease cost	$	1,440	$	1,549

Lease costs are primarily included in "Sales and marketing" and "General and administrative" expenses in the Company’s consolidated statements of operations.

The impact of the Company's leases on the consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.3 million during fiscal 2023 . The Company did not renew one existing lease and did not execute any new leases during fiscal 2023.

The impact of the Company's leases on consolidated statement of cash flows is presented in the operating activities section, which mainly consisted of cash paid for operating lease liabilities of approximately $1.6 million during fiscal 2022. The Company did not modify any existing leases or execute any new leases during fiscal 2022.

Weighted average information associated with the measurement of the Company’s remaining operating lease obligations is as follows:

	April 30, 2023		April 30, 2022
Weighted average remaining lease term	1.2 years		1.9 years
Weighted average discount rate	3.1	%	3.2	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2023 (in thousands):

Years ended April 30:
2024	$	417
2025	67
Thereafter	—
Total operating lease payments	$	484
Less imputed interest	(8)
Total operating lease liabilities	$	476

The Company leases to other tenants a portion of its headquarters building that it owns in Atlanta, Georgia. The leases expire at various dates through June 2027. Lease income is included in "Other, net" in the Company’s consolidated statements of operations and totaled approximately $318,000 for the year ending April 30, 2023. Lease payments to be received as of April 30, 2023 are as follows (in thousands):

Years ended April 30:
2024	$	201
2025	102
2026	91
2027	96
2028	16
Thereafter	—
	$	506