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Property and Equipment, net | 3 Months Ended
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Jul. 31, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment, net | (6) Property and Equipment, net The components of property and equipment, net as of July 31, 2024 and April 30, 2024 consisted of the following: Schedule of Components of Property and Equipment
|  | July 31, 2024 |  |  | April 30, 2024 |
|  | (in thousands) |
Equipment |  | $ | 1,567 |  |  | $ | 1,530 |
Computer equipment & software |  |  | 790 |  |  |  | 790 |
Office furniture & equipment |  |  | 422 |  |  |  | 422 |
Leasehold improvements |  |  | 683 |  |  |  | 683 |
Leased WAM-V’s |  |  | 1,864 |  |  |  | 1,547 |
Leased Buoys |  |  | 464 |  |  |  | 444 |
Property and equipment, gross |  |  | 5,790 |  |  |  | 5,416 |
Less: accumulated depreciation |  |  | (2,177 | ) |  |  | (1,973 | )
Property and equipment, net |  | $ | 3,613 |  |  | $ | 3,443 |
Leased WAM-V’s and Buoys represent fixed assets that are associated with underlying operating leases with customers as discussed in the revenue recognition section related to ASC 842. Depreciation expense was approximately $204,000 and $71,000 for the three-month periods ended July 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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