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Inventory
6 Months Ended
Oct. 31, 2024
Inventory Disclosure [Abstract]  
Inventory

(4) Inventory

 

The Company holds inventory related to the production of its WAM-V® and PowerBuoy® products.

 

   October 31, 2024   April 30, 2024 
   (in thousands) 
Raw Materials  $4,401   $4,298 
Work in Process   373    397 
Finished Products       136 
Inventory, net  $4,774   $4,831 

 

The Company’s raw materials balance represents the majority of the inventory as the Company orders parts in quantity to fill orders. Work in process and finished products typically represent smaller portions of inventory as the Company does not historically hold finished products with the exception of assets transitioning to the lease fleet. The Company typically ships finished products as they are completed.