XML 35 R25.htm IDEA: XBRL DOCUMENT

Account Receivable, Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Jul. 31, 2022

Account Receivable Contract Assets And Contract Liabilities

Schedule of Accounts Receivable, Contract Assets and Contract Liabilities

The following provides further details on the balance sheet accounts of accounts receivable, contract assets and contract liabilities from contracts with customers:


		July 31, 2022				April 30, 2022
		(in thousands)
Accounts receivable		$	119			$	482
Contract assets			666				386
Contract liabilities			101				129

Schedule of Significant Changes in Contract assets and Contract Liabilities

Significant changes in the contract assets balances during the period were as follows:


		Three months ended July 31, 2022
		(in thousands)
Transferred to receivables from contract assets recognized at the beginning of the period		$	(434	)
Revenue recognized and not billed as of the end of the period			714
Net change in contract assets		$	280

Contract Liabilities

Contract liabilities consist of amounts invoiced to customers in excess of revenue recognized. The decrease in contract liabilities is primarily due to payment for MAR projects during the three months ended July 31, 2022 for which we have not recognized revenue.

Significant changes in the contract liabilities balances during the period are as follows:


		Three months ended July 31, 2022
		(in thousands)

Revenue recognized that was included in the contract liabilities balance as of the beginning of the period		$	(91	)
Payments collected for which revenue has not been recognized			63
Net change in contract liabilities		$	(28	)