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Account Receivable, Contract Assets, and Contract Liabilities (Tables)
12 Months Ended
Apr. 30, 2022
Account Receivable Contract Assets And Contract Liabilities  
Schedule of Significant Changes in Contract assets and Contract Liabilities

Significant changes in the contract assets balances during the period are as follows:

 

   2022   2021 
   Twelve months ended April 30, 
   2022   2021 
   (in thousands) 
         
Transferred to receivables from contract assets recognized at the beginning of the period  $(190)  $(251)
Revenue recognized and not billed as of the end of the period   386    190 
Net change in contract assets  $196   $(61)

 

Contract assets include unbilled amounts typically resulting from arrangements whereby the right to payment is conditioned on completing additional tasks or services for a performance obligation. The increase in contract assets is primarily a result of services performed relating to our project with MAR that was billed during the twelve months ended April 30, 2022.

 

Contract Liabilities

 

Significant changes in the contract liabilities balances during the period are as follows:

 

   2022   2021 
   Twelve months ended April 30, 
   2022   2021 
   (in thousands) 
         
Revenue recognized that was included in the contract liabilities balance as of the beginning of the period  $   $(159)
Transferred to contract assets from contract liabilities recognized at the beginning of the period       (6)
Contract liabilities obtained in acquisition on MAR   (203)    
Payments collected for which revenue has not been recognized   129   
Net change in contract liabilities  $(74)  $(165)