Property and equipment consisted of the following (in thousands):
 April 30,
 20252024
Furniture and fixtures$246 $246 
Computer equipment and software2,165 2,152 
Laboratory equipment11,323 11,506 
Capitalized software development costs1,888 1,888 
Assets in progress124 
Leasehold improvements317 317 
Total property and equipment16,063 16,112 
Less: Accumulated depreciation and amortization(11,688)(10,391)
Property and equipment, net$4,375 $5,721 

Historical Timeline

Fiscal YearFiled
2025Jul 23, 2025Showing above
2024Jul 19, 2024
2023Jul 24, 2023
2022Jul 22, 2022
2021Jul 26, 2021
2020Jul 28, 2020
2019Jul 29, 2019

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.