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Property and Equipment
 8 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 10 – Property and Equipment

 

Property and equipment consist of assets with an estimated useful life greater than one year and are reported net of accumulated depreciation. The reported values are periodically assessed for impairment, and were as follows:

 

   December 31, 2024  

April 30, 2024

   April 30, 2023 
Equipment and related  $1,633,105   $1,540,888   $1,386,373 
Leasehold improvements   1,556,139    1,547,976    1,473,890 
Furniture and fixtures   226,465    163,290    132,752 
Accumulated depreciation   (1,535,000)   (911,470)   (342,657)
Net carrying value  $1,880,709   $2,340,684   $2,650,358 

 

Depreciation expense totaled $623,530 for the eight months ended December 31, 2024. Depreciation expense totaled $568,813 and $311,545 for the years ended April 30, 2024 and 2023, respectively.