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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2023
Apr. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,292 $ 6,883
Short term investments 15,427 27,790
Restricted cash, short-term 219 65
Accounts receivable 516 745
Contract assets 326 152
Inventory 2,546 1,044
Other current assets 1,505 994
Total current assets 23,831 37,673
Property and equipment, net 1,806 1,280
Intangibles, net 3,898 3,978
Right-of-use asset, net 1,550 1,751
Restricted cash, long-term 155
Goodwill 8,537 8,537
Total assets 39,622 53,374
Current liabilities:    
Accounts payable 1,754 952
Earnout payable 1,500
Accrued expenses 2,094 2,346
Contingent liabilities 1,117 1,202
Right-of-use liabilities, current portion 579 529
Contract liabilities 1,164 1,378
Total current liabilities 6,708 7,907
Deferred tax liability 203 203
Right-of-use liabilities, less current portion 1,060 1,311
Total liabilities 7,971 9,421
Commitments and contingencies (Note 14)
Shareholders’ Equity:    
Preferred stock, $0.001 par value; authorized 5,000,000 shares, none issued or outstanding; 100,000 designated as Series A
Common stock, $0.001 par value; authorized 100,000,000 shares, issued 58,833,758 shares and 56,304,642 shares, respectively; outstanding 58,788,770 shares and 56,263,728 shares, respectively 59 56
Treasury stock, at cost; 44,988 shares and 40,914 shares, respectively (357) (355)
Additional paid-in capital 326,342 324,393
Accumulated deficit (294,348) (280,096)
Accumulated other comprehensive loss (45) (45)
Total shareholders’ equity 31,651 43,953
Total liabilities and shareholders’ equity $ 39,622 $ 53,374