Leases

12 Months Ended

Apr. 30, 2024

Leases [Abstract]

Leases

Leases

The Company’s operating leases are related to facility leases for administration and sales personnel. The remaining operating lease has a term of five years. While the remaining lease includes a renewal option, 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, 2024		As of April 30, 2023
Assets
Right of use assets	Other assets	$	45	$	442
Liabilities
Current lease liabilities	Other current liabilities	47		411
Long-term lease liabilities	Other long-term liabilities	—		65
Total liabilities		$	47	$	476

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

	Year ended April 30, 2024		Year ended April 30, 2023
Lease cost
Operating lease cost	$	331	$	515
Short-term lease cost	499		703
Variable lease cost	194		222
Total lease cost	$	1,024	$	1,440

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 $1.0 million during fiscal 2024 . The Company did not renew four existing leases and did not execute any new leases during fiscal 2024.

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 $1.3 million during fiscal 2023. The Company did not modify any existing leases or execute any new leases during fiscal 2023.

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

	April 30, 2024		April 30, 2023
Weighted average remaining lease term	0.8 years		1.2 years
Weighted average discount rate	2.3	%	3.1	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2024 (in thousands):

Years ended April 30:
2025	$	47
Thereafter	—
Total operating lease payments	$	47
Less imputed interest	—
Total operating lease liabilities	$	47

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 $315,000 for the year ending April 30, 2024. Lease payments to be received as of April 30, 2024 are as follows (in thousands):

Years ended April 30:
2025	$	102
2026	91
2027	96
Thereafter	16
	$	305

Leases

Leases

The Company’s operating leases are related to facility leases for administration and sales personnel. The remaining operating lease has a term of five years. While the remaining lease includes a renewal option, 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, 2024		As of April 30, 2023
Assets
Right of use assets	Other assets	$	45	$	442
Liabilities
Current lease liabilities	Other current liabilities	47		411
Long-term lease liabilities	Other long-term liabilities	—		65
Total liabilities		$	47	$	476

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

	Year ended April 30, 2024		Year ended April 30, 2023
Lease cost
Operating lease cost	$	331	$	515
Short-term lease cost	499		703
Variable lease cost	194		222
Total lease cost	$	1,024	$	1,440

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 $1.0 million during fiscal 2024 . The Company did not renew four existing leases and did not execute any new leases during fiscal 2024.

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 $1.3 million during fiscal 2023. The Company did not modify any existing leases or execute any new leases during fiscal 2023.

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

	April 30, 2024		April 30, 2023
Weighted average remaining lease term	0.8 years		1.2 years
Weighted average discount rate	2.3	%	3.1	%

The following table summarizes the maturity of the Company’s operating lease liabilities as of April 30, 2024 (in thousands):

Years ended April 30:
2025	$	47
Thereafter	—
Total operating lease payments	$	47
Less imputed interest	—
Total operating lease liabilities	$	47

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 $315,000 for the year ending April 30, 2024. Lease payments to be received as of April 30, 2024 are as follows (in thousands):

Years ended April 30:
2025	$	102
2026	91
2027	96
Thereafter	16
	$	305