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Inventory
6 Months Ended
Oct. 31, 2025
Inventory Disclosure [Abstract]  
Inventory

(4) Inventory

 

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

 

   October 31, 2025   April 30, 2025 
   (in thousands) 
Raw Materials  $4,101   $3,586 
Work in Process   593    636 
Finished Products        
Inventory  $4,694   $4,222 

 

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.