Property and Equipment (Tables)

3 Months Ended

Jul. 31, 2026

Property and equipment consisted of the following (table in thousands):


	July 31, 2026		April 30, 2026
Furniture and fixtures	$	246	$	246
Computer equipment and software	2,248		2,248
Capitalized software development costs	1,888		1,888
Laboratory equipment	12,132		11,465
Assets in progress	116		210
Leasehold improvements	361		361

Total property and equipment	16,991		16,418
Less: Accumulated depreciation and amortization	(13,204)		(12,892)

Property and equipment, net	$	3,787	$	3,526

Laboratory equipment assets and related financing obligations are as follows (in thousands):


	July 31, 2026		April 30, 2026
Finance lease equipment, net	$	66	$	85
Vendor-financed equipment, net	$	469	$	—

Current portion of financing lease liabilities	$	66	$	79
Current equipment financing liability	$	168	$	—
Total current equipment financing arrangements	$	234	$	79

Non-current portion of financing lease liabilities	$	—	$	7
Non-current equipment financing liability	$	215	$	—
Total non-current equipment financing arrangements	$	215	$	7

ROU assets and lease liabilities related to our current operating leases are as follows (in thousands):


	July 31, 2026		April 30, 2026
Operating lease right-of-use assets, net	$	9,675	$	3,697
Current portion of operating lease liabilities	635		1,520
Non-current portion of operating lease liabilities	9,886		2,992

Future minimum lease payments related to the Company's finance leases due each fiscal year as follows (in thousands):


2027 remaining	$	67
Thereafter	—



Total undiscounted liabilities	67
Less: Imputed interest	(1)
Present value of minimum lease payments	$	66

Future payments under the Company's vendor-financed equipment purchase arrangement as of July 31, 2026 were as follows (in thousands):


Total remaining vendor payments	$	455
Less: amounts included in accounts payable	(29)
Less: unamortized discount	(43)
Present value equipment financing liability	$	383