Related Party Transactions

6 Months Ended

Oct. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Related party transactions include transactions between the Company and its shareholders, management, or affiliates.  The following transactions were in the normal course of operations and were measured and recorded at the exchange amount, which is the amount of consideration established and agreed to by the parties.

Consulting Services

During the three months ended October 31, 2024 and 2023, the Company recognized $6,000 and $9,000, respectively, for consulting services provided by an affiliate of a Board member, unrelated to his duty as a Board member. During the six months ended October 31, 2024 and 2023, the Company recognized $15,000 and $18,000, respectively, for consulting services provided by an affiliate of a Board member, unrelated to his duty as a Board member.

Such amounts are included in general and administrative expenses in the accompanying condensed consolidated statements of operations. As of October 31, 2024, $3,000 was due to this related party.