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Property and Equipment | 12 Months Ended
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Apr. 30, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | (6) Property and Equipment The components of property and equipment as of April 30, 2025 and 2024 consisted of the following: Schedule of Components of Property and Equipment, Net
|  | April 30, 2025 |  |  | April 30, 2024 |
|  | (in thousands) |
Equipment |  | $ | 1,569 |  |  | $ | 1,530 |
Computer equipment & software |  |  | 620 |  |  |  | 790 |
Office furniture & equipment |  |  | 425 |  |  |  | 422 |
Leasehold improvements |  |  | 683 |  |  |  | 683 |
Leased WAM-V’s |  |  | 1,735 |  |  |  | 1,547 |
Leased Buoys |  |  | 949 |  |  |  | 444 |
Property and equipment, gross |  |  | 5,981 |  |  |  | 5,416 |
Less: accumulated depreciation |  |  | (2,537 | ) |  |  | (1,973 | )
Property and equipment, net |  | $ | 3,444 |  |  | $ | 3,443 |
Leased WAM-V’s represent fixed assets that are associated with underlying operating leases with customers as discussed in revenue recognition section related to ASC 842 (see footnote 1(d) Revenue Recognition). Depreciation expense was approximately $771,000 and $420,000 for years ended April 30, 2025 and 2024, respectively. Additionally, the Company disposed of $170,000 in fully depreciated assets that were no longer in use as of April 30, 2025.

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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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