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Property and Equipment
 12 Months Ended
Apr. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

(6) Property and Equipment

 

The components of property and equipment as of April 30, 2023 and 2022 consisted of the following:

  

   April 30, 2023   April 30, 2022 
   (in thousands) 
Equipment  $783   $615 
Computer equipment & software   700    571 
Office furniture & equipment   386    352 
Leasehold improvements   611    477 
Leased WAM-V’s   371    — 
Construction in process   —    15 
 Property and equipment, gross   $2,851   $2,030 
Less: accumulated depreciation   (1,571)   (1,585)
Property and equipment, net  $1,280   $445 

 

Leased WAM-V’s represent fixed assets that are part of underlying operating leases with customers as discussed in revenue recognition section related to ASC 842.

 

Depreciation expense was approximately $183,000 and $144,000 for years ended April 30, 2023 and 2022, respectively.