XML 41 R26.htm IDEA: XBRL DOCUMENT v3.24.3
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Jul. 31, 2024
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total to the same amounts shown in the Consolidated Statements of Cash Flows.

 

   July 31, 2024   April 30, 2024 
   (in thousands) 
Cash and cash equivalents  $3,182   $3,151 
Restricted cash- long term   154    154 
Cash, cash equivalents, restricted cash and restricted cash equivalents  $3,336   $3,305 
Schedule of Property, Plant and Equipment, Useful Life

 

 

Description   Estimated depreciable life
     
Equipment   5-7 years
Computer equipment & software   3 years
Office furniture & fixtures   3-7 years
Leasehold improvements   Shorter of the estimated useful life or lease term
Leased Power Buoy assets   10 years
Leased WAM-V assets   10 years
Schedule of Revenue Recognizes from Operating Lease Arrangements

The below table represents the total revenue recognized under ASC 606 and ASC 842 for the three months ended July 31, 2024 and 2023.

 

   ASC 606   ASC 842   Total   ASC 606   ASC 842   Total 
   Three months ended July 31, 2024   Three months ended July 31, 2023 
   ASC 606   ASC 842   Total   ASC 606   ASC 842   Total 
   (in thousands)   (in thousands) 
Product Line:                              
WAM-V  $1,234   $67   $1,301   $460   $243   $703 
Buoy   —    —    —    250    —    250 
Services   —    —    —    319    —    319 
Total  $1,234   $67   $1,301   $1,029   $243   $1,272 
                               
Region:                              
North and South America  $1,230   $—   $1,230   $1,029   $225   $1,254 
Europe   4    67    71    —    18    18 
Total  $1,234   $67   $1,301   $1,029   $243   $1,272