RESTRICTED CASH

6 Months Ended

Oct. 31, 2024

Disclosure Text Block Supplement [Abstract]

Restricted Assets Disclosure [Text Block]

NOTE I – RESTRICTED CASH

As of October 31, 2024 restricted cash consisted of approximately $1.3 million related to a letter of credit required for contractual restrictions during the period of performance for one of the Company’s contracts. As of April 30, 2024 restricted cash consisted of approximately $945,000 related to a letter of credit required for contractual restrictions during the period of performance for one of the Company’s contracts. Restricted cash is classified as current or non-current based on the remaining performance period of the contract.

A reconciliation of cash and cash equivalents and restricted cash from the condensed consolidated balance sheets to the condensed consolidated statements of cash flows is shown below (in thousands):

	October 31, 2024		April 30, 2024
Cash and cash equivalents	$	9,698	$	18,320
Restricted cash		1,342		945
Total cash and cash equivalents and restricted cash	$	11,040	$	19,265

FREQUENCY ELECTRONICS INC 10-Q