$OPTT
Ocean Power Technologies, Inc. Stock $optt

$optt Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-K Financial Statement

#000149315223025878 Filed on July 28, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2023
Revenue	$1.272M	$980.0K	$2.732M
YoY Change	78.15%	29.63%	55.32%
Cost Of Revenue	$609.0K	$1.114M	$2.496M
YoY Change	17.12%	106.3%	34.19%
Gross Profit	$663.0K	-$134.0K	$236.0K
YoY Change	241.75%	-162.04%	-333.66%
Gross Profit Margin	52.12%	-13.67%	8.64%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$1.900M		$10.00M
YoY Change	-17.39%
% of Gross Profit	286.58%		4237.29%
Depreciation & Amortization	$71.00K	$65.00K	$341.0K
YoY Change	65.12%	-39.81%	48.26%
% of Gross Profit	10.71%		144.49%
Operating Expenses	$8.103M	$9.752M	$29.45M
YoY Change	28.25%	60.9%	36.91%
Operating Profit	-$7.378M	-$9.886M	-$29.22M
YoY Change	23.11%	69.14%	35.18%
Interest Expense	$339.0K	$297.0K	$903.0K
YoY Change	140.43%	343.28%	634.15%
% of Operating Profit
Other Income/Expense, Net		$49.00K	$1.709M
YoY Change			2748.33%
Pretax Income	-$7.039M	-$9.540M	-$26.60M
YoY Change	20.28%	60.74%	28.54%
Income Tax		$0.00	-$278.0K
% Of Pretax Income
Net Earnings	-$7.000M	-$9.540M	-$26.33M
YoY Change	18.64%	85.13%	39.48%
Net Earnings / Revenue	-550.31%	-973.47%	-963.62%
Basic Earnings Per Share	-$0.12		-$0.47
Diluted Earnings Per Share	-$0.12	-$0.17	-$0.47
COMMON SHARES
Basic Shares Outstanding	58.73M shares		56.00B shares
Diluted Shares Outstanding	58.72M shares		56.00B shares

Balance Sheet

Concept	2023 Q3	2023 Q2	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$26.65M	$34.67M	$34.67M
YoY Change	-48.65%	-39.46%	-39.46%
Cash & Equivalents	$3.863M	$6.883M	$6.883M
Short-Term Investments	$22.79M	$27.79M	$27.79M
Other Short-Term Assets	$619.0K	$1.059M	$1.059M
YoY Change	28.96%	46.07%	46.07%
Inventory	$1.730M	$1.044M	$1.044M
Prepaid Expenses
Receivables	$730.0K	$897.0K	$897.0K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$30.09M	$37.67M	$37.67M
YoY Change	-44.29%	-36.47%	-36.47%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.342M	$3.031M	$3.031M
YoY Change	193.01%	153.22%	153.22%
Goodwill	$8.537M	$8.537M
YoY Change	0.0%	0.0%
Intangibles	$3.938M	$3.978M
YoY Change	-3.86%	-3.82%
Long-Term Investments
YoY Change
Other Assets	$156.0K	$155.0K	$155.0K
YoY Change	-28.77%	-29.22%	-29.22%
Total Long-Term Assets	$15.59M	$15.70M	$15.70M
YoY Change	11.45%	11.44%	11.44%
TOTAL ASSETS
Total Short-Term Assets	$30.09M	$37.67M	$37.67M
Total Long-Term Assets	$15.59M	$15.70M	$15.70M
Total Assets	$45.68M	$53.37M	$53.37M
YoY Change	-32.82%	-27.28%	-27.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.297M	$952.0K	$952.0K
YoY Change	22.59%	5.19%	5.19%
Accrued Expenses	$1.556M	$2.875M	$2.875M
YoY Change	42.75%	227.82%	227.82%
Deferred Revenue	$1.207M	$1.378M
YoY Change	1095.05%	968.22%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.745M	$7.907M	$7.907M
YoY Change	78.58%	165.51%	165.51%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$1.168M	$1.311M	$1.311M
YoY Change	-7.74%	-5.07%	-5.07%
Total Long-Term Liabilities	$1.168M	$1.311M	$1.311M
YoY Change	-7.74%		-5.07%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.745M	$7.907M	$7.907M
Total Long-Term Liabilities	$1.168M	$1.311M	$1.311M
Total Liabilities	$7.116M	$9.421M	$9.421M
YoY Change	51.86%	106.51%	106.51%
SHAREHOLDERS EQUITY
Retained Earnings	-$287.1M	-$280.1M
YoY Change	10.59%	10.37%
Common Stock	$59.00K	$56.00K
YoY Change	5.36%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$357.0K	$355.0K
YoY Change	4.69%	4.11%
Treasury Stock Shares
Shareholders Equity	$38.56M	$43.95M	$43.95M
YoY Change
Total Liabilities & Shareholders Equity	$45.68M	$53.37M	$53.37M
YoY Change	-32.82%	-27.28%	-27.28%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2023
OPERATING ACTIVITIES
Net Income	-$7.000M	-$9.540M	-$26.33M
YoY Change	18.64%	85.13%	39.48%
Depreciation, Depletion And Amortization	$71.00K	$65.00K	$341.0K
YoY Change	65.12%	-39.81%	48.26%
Cash From Operating Activities	-$8.000M	-$5.618M	-$21.71M
YoY Change	56.86%	1.98%	1.93%
INVESTING ACTIVITIES
Capital Expenditures	$133.0K	$717.0K	$1.019M
YoY Change	137.5%	312.07%	-802.76%
Acquisitions
YoY Change
Other Investing Activities	$5.106M	$2.299M	$21.48M
YoY Change	-20.7%	-104.57%	-139.86%
Cash From Investing Activities	$4.973M	$1.582M	$20.46M
YoY Change	-22.09%	-103.15%	-137.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00	-$14.00K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$2.000K	0.000	-14.00K
YoY Change		-100.0%	-116.09%
NET CHANGE
Cash From Operating Activities	-$8.000M	-5.618M	-21.71M
Cash From Investing Activities	$4.973M	1.582M	20.46M
Cash From Financing Activities	-$2.000K	0.000	-14.00K
Net Change In Cash	-$3.029M	-4.036M	-1.259M
YoY Change	-334.62%	-92.75%	-98.33%
FREE CASH FLOW
Cash From Operating Activities	-$8.000M	-$5.618M	-$21.71M
Capital Expenditures	$133.0K	$717.0K	$1.019M
Free Cash Flow	-$8.133M	-$6.335M	-$22.73M
YoY Change	57.74%	11.47%	7.45%

Facts In Submission

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CY2023	dei	Entity File Number EntityFileNumber	001-33417
CY2023	dei	Entity Registrant Name EntityRegistrantName	Ocean Power Technologies, Inc.
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CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.47
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.47
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.35
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.35
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	55998543000	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55998543000	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	54010233000	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	54010233000	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-26326000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-18874000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-32000	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-26326000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-18906000	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	80468000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-18874000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1169000	usd
CY2022	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	91000	usd
CY2022	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	5855000	usd
CY2022	OPTT	Stock Issued During Period Value Shares Withheld For Tax Withholdings StockIssuedDuringPeriodValueSharesWithheldForTaxWithholdings	3000	usd
CY2022	OPTT	Liquidation Of Subsidiary LiquidationOfSubsidiary	157000	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-32000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	68831000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	68831000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-26326000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	1461000	usd
CY2023	OPTT	Stock Issued During Period Value Shares Withheld For Tax Withholdings StockIssuedDuringPeriodValueSharesWithheldForTaxWithholdings	-14000	usd
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	43953000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	43953000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-26326000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-18874000	usd
CY2023	OPTT	Foreign Currency Transaction Gain Loss Net Of Tax ForeignCurrencyTransactionGainLossNetOfTax	1000	usd
CY2022	OPTT	Foreign Currency Transaction Gain Loss Net Of Tax ForeignCurrencyTransactionGainLossNetOfTax	-1000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	183000	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	144000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	158000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	86000	usd
CY2023	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	296000	usd
CY2022	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	285000	usd
CY2023	OPTT	Amortization Of Premium On Investments AmortizationOfPremiumOnInvestments	-113000	usd
CY2022	OPTT	Amortization Of Premium On Investments AmortizationOfPremiumOnInvestments	-58000	usd
CY2023	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	1112000	usd
CY2022	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-60000	usd
CY2022	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	890000	usd
CY2022	OPTT	Loss On Liquidation Of Subsidiary LossOnLiquidationOfSubsidiary	157000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	1461000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	1169000	usd
CY2022	OPTT	Deferred Tax Liabilities Net DeferredTaxLiabilitiesNet	377000	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	262000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	133000	usd
CY2023	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	-234000	usd
CY2022	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	195000	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	602000	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	292000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	527000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-19000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	47000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	217000	usd
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	1469000	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1004000	usd
CY2022	OPTT	Increase Decrease In Litigation Payable IncreaseDecreaseInLitigationPayable	-1224000	usd
CY2023	OPTT	Increase Decrease In Lease Liability IncreaseDecreaseInLeaseLiability	-311000	usd
CY2022	OPTT	Increase Decrease In Lease Liability IncreaseDecreaseInLeaseLiability	-309000	usd
CY2023	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1249000	usd
CY2022	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-74000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-21707000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-21296000	usd
CY2023	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	64923000	usd
CY2023	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	43442000	usd
CY2022	us-gaap	Payments To Acquire Short Term Investments PaymentsToAcquireShortTermInvestments	49442000	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	648000	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	145000	usd
CY2023	us-gaap	Payments To Acquire Lease Receivables PaymentsToAcquireLeaseReceivables	371000	usd
CY2022	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	4444000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	20462000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-54031000	usd
CY2022	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	90000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	14000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-14000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	87000	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-32000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1259000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-75272000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	8362000	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	83634000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	7103000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	8362000	usd
CY2022	us-gaap	Stock Issued1 StockIssued1	5855000	usd
CY2023	OPTT	Operating Right Of Use Asset Obtained In Exchange For Operating Lease Liability OperatingRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1296000	usd
CY2022	OPTT	Contingent Liability Mar ContingentLiabilityMar	1591000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-26300000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-18900000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-21700000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-21300000	usd
CY2023Q2	us-gaap	Cash Cash	6900000	usd
CY2023Q2	us-gaap	Short Term Investments ShortTermInvestments	27800000	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84E_eus-gaap--UseOfEstimates_zrXmjh2YOSaa" style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i>(b) <span id="xdx_868_zuRRKdksOY16">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">The preparation of the consolidated financial statements requires management of the Company to make several estimates and assumptions relating to the reported amounts of assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include, among other items, stock-based compensation, valuation consideration related to business combinations, including contingent consideration, and other assumptions and estimates used to evaluate the recoverability of long-lived assets, goodwill and other intangible assets. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023Q2	OPTT	Revenue Remaining Performance Obligations RevenueRemainingPerformanceObligations	4000000.0	usd
CY2023	OPTT	Revenue Remaining Performances Obligation Percentage RevenueRemainingPerformancesObligationPercentage	0.97	pure
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	3900000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6883000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7885000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6883000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7885000	usd
CY2023Q2	us-gaap	Restricted Cash Current RestrictedCashCurrent	65000	usd
CY2022Q2	us-gaap	Restricted Cash Current RestrictedCashCurrent	258000	usd
CY2023Q2	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	155000	usd
CY2022Q2	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	219000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	7103000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	8362000	usd
CY2023Q2	us-gaap	Short Term Investments ShortTermInvestments	27800000	usd
CY2022Q2	us-gaap	Short Term Investments ShortTermInvestments	49400000	usd
CY2023	us-gaap	Investment Income Net Amortization Of Discount And Premium InvestmentIncomeNetAmortizationOfDiscountAndPremium	122000	usd
CY2022	us-gaap	Investment Income Net Amortization Of Discount And Premium InvestmentIncomeNetAmortizationOfDiscountAndPremium	58000	usd
CY2023Q2	us-gaap	Investment Owned At Cost InvestmentOwnedAtCost	27790000	usd
CY2023	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	158000	usd
CY2023Q2	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	27948000	usd
CY2022Q2	us-gaap	Investment Owned At Cost InvestmentOwnedAtCost	49384000	usd
CY2022	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-38000	usd
CY2022Q2	us-gaap	Money Market Funds At Carrying Value MoneyMarketFundsAtCarryingValue	49346000	usd
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_841_eus-gaap--ConcentrationRiskCreditRisk_zGPjyhMFtNO6" style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i>(j) <span id="xdx_86A_zSzNiEvQtV2g">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Financial instruments that potentially subject the Company to credit risk consist principally of trade accounts receivable, short term investments and cash. The Company believes that its credit risk is limited because the Company’s current contracts are with companies with a reliable payment history. The Company invests its excess cash in a money market fund and short term held-to maturity investment and does not believe that it is exposed to any significant risks related to its cash accounts, money market fund, or held-to maturity investments. Cash is also maintained at foreign financial institutions. Cash in foreign financial institutions as of April 30, 2023 was immaterial.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">As of the year ended April 30, 2023 and 2022, the Company had two and four customers whose revenue accounted for at least 10% of the Company’s consolidated revenue, respectively. These revenues accounted for approximately <span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20220501__20230430__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoAndFourCustomersMember_zZbwo5Jijd89" title="Concentration risk percentage">32</span>% and <span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_pid_dp_uPure_c20210501__20220430__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__srt--MajorCustomersAxis__custom--TwoAndFourCustomersMember_zIACbeYFMZr4" title="Concentration risk percentage">49</span>% of the Company’s total revenue for the respective periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; color: Black; margin: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p>
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	7777026	shares
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6353422	shares
CY2023	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1500000	usd
CY2022	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	1200000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	745000	usd
CY2022Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	482000	usd
CY2021Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	350000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	152000	usd
CY2022Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	386000	usd
CY2021Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	190000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1378000	usd
CY2022Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	129000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	1768000	usd
CY2022Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	190000	usd
CY2023	OPTT	Revenue Recognized And Not Billed As Of End Of Period RevenueRecognizedAndNotBilledAsOfEndOfPeriod	1534000	usd
CY2022	OPTT	Revenue Recognized And Not Billed As Of End Of Period RevenueRecognizedAndNotBilledAsOfEndOfPeriod	386000	usd
CY2023	OPTT	Increase Decrease In Contract With Customer Assets IncreaseDecreaseInContractWithCustomerAssets	-234000	usd
CY2022	OPTT	Increase Decrease In Contract With Customer Assets IncreaseDecreaseInContractWithCustomerAssets	196000	usd
CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	574000	usd
CY2022	OPTT	Contract Liabilities Obtained In Acquisition ContractLiabilitiesObtainedInAcquisition	-203000	usd
CY2023	OPTT	Payments Collected For Which Revenue Has Not Been Recognized PaymentsCollectedForWhichRevenueHasNotBeenRecognized	1823000	usd
CY2022	OPTT	Payments Collected For Which Revenue Has Not Been Recognized PaymentsCollectedForWhichRevenueHasNotBeenRecognized	129000	usd
CY2023	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1249000	usd
CY2022	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-74000	usd
CY2023Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	1044000	usd
CY2022Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	198000	usd
CY2022Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	244000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	1044000	usd
CY2022Q2	us-gaap	Inventory Net InventoryNet	442000	usd
CY2023Q2	us-gaap	Prepaid Insurance PrepaidInsurance	358000	usd
CY2022Q2	us-gaap	Prepaid Insurance PrepaidInsurance	182000	usd
CY2023Q2	OPTT	Prepaid Software And Licenses PrepaidSoftwareAndLicenses	190000	usd
CY2022Q2	OPTT	Prepaid Software And Licenses PrepaidSoftwareAndLicenses	127000	usd
CY2023Q2	OPTT	Prepaid Registrations And Memberships PrepaidRegistrationsAndMemberships	122000	usd
CY2023Q2	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	324000	usd
CY2022Q2	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	158000	usd
CY2023Q2	us-gaap	Other Assets Current OtherAssetsCurrent	994000	usd
CY2022Q2	us-gaap	Other Assets Current OtherAssetsCurrent	467000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2851000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	2030000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1571000	usd
CY2022Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1585000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1280000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	445000	usd
CY2023	us-gaap	Depreciation Depreciation	183000	usd
CY2022	us-gaap	Depreciation Depreciation	144000	usd
CY2023Q2	us-gaap	Finite Lived Patents Gross FiniteLivedPatentsGross	2729000	usd
CY2022Q2	us-gaap	Finite Lived Patents Gross FiniteLivedPatentsGross	2729000	usd
CY2023Q2	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	2769000	usd
CY2022Q2	us-gaap	Finite Lived Trademarks Gross FiniteLivedTrademarksGross	2769000	usd
CY2023Q2	us-gaap	Finite Lived Trade Names Gross FiniteLivedTradeNamesGross	130000	usd
CY2022Q2	us-gaap	Finite Lived Trade Names Gross FiniteLivedTradeNamesGross	130000	usd
CY2023Q2	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	150000	usd
CY2022Q2	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	150000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	5778000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	5778000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1800000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1642000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3978000	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	4136000	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	158000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	86000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P2Y
CY2023Q2	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P62M
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	400000	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	400000	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	382000	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	368000	usd
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	44000	usd
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	35000	usd
CY2023	us-gaap	Lease Cost LeaseCost	426000	usd
CY2022	us-gaap	Lease Cost LeaseCost	403000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1751000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	529000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1311000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1840000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y1M20D
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.085	pure
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	701000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	494000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	318000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	325000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	362000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2200000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	360000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1840000	usd
CY2023Q2	us-gaap	Construction Payable Current ConstructionPayableCurrent	181000	usd
CY2022Q2	us-gaap	Construction Payable Current ConstructionPayableCurrent	59000	usd
CY2022Q2	us-gaap	Loss Contingency Accrual Carrying Value Current LossContingencyAccrualCarryingValueCurrent	328000	usd
CY2023Q2	us-gaap	Other Employee Related Liabilities Current OtherEmployeeRelatedLiabilitiesCurrent	1948000	usd
CY2022Q2	us-gaap	Other Employee Related Liabilities Current OtherEmployeeRelatedLiabilitiesCurrent	266000	usd
CY2023Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	52000	usd
CY2022Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	60000	usd
CY2022Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	30000	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	165000	usd
CY2022Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	134000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2346000	usd
CY2022Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	877000	usd
CY2023Q2	OPTT	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights Exercised ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightsExercised	732500	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1110356	shares
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	2.34
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P9Y2M12D
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	601089	shares
CY2023	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.68
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	182165	shares
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CY2023	OPTT	Stock Issued During Period Shares Stock Options Expired StockIssuedDuringPeriodSharesStockOptionsExpired	95	shares
CY2023	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice	511.12
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CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	513077	shares
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CY2023Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	700000	usd
CY2023	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-26578000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-20665000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	-26000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	-32000	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-26604000	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-20697000	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.040	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.052	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Research EffectiveIncomeTaxRateReconciliationTaxCreditsResearch	0.019	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Research EffectiveIncomeTaxRateReconciliationTaxCreditsResearch	-0.006	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	-0.011	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Other EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther	-0.009	pure
CY2023	OPTT	Effective Income Tax Reconciliation Proceeds Of Sale Of New Jersey Tax Benefits EffectiveIncomeTaxReconciliationProceedsOfSaleOfNewJerseyTaxBenefits	-0.070	pure
CY2022	OPTT	Effective Income Tax Reconciliation Proceeds Of Sale Of New Jersey Tax Benefits EffectiveIncomeTaxReconciliationProceedsOfSaleOfNewJerseyTaxBenefits	-0.070	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.013	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.013	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.229	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.141	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.010	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.089	pure
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	43788000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	40338000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Foreign DeferredTaxAssetsOperatingLossCarryforwardsForeign	2059000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Foreign DeferredTaxAssetsOperatingLossCarryforwardsForeign	2061000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	1578000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	968000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Credit Carryforwards Research DeferredTaxAssetsTaxCreditCarryforwardsResearch	5143000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Credit Carryforwards Research DeferredTaxAssetsTaxCreditCarryforwardsResearch	4167000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	662000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	429000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities	474000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities	79000	usd
CY2023Q2	us-gaap	Deferred Tax Assets In Process Research And Development DeferredTaxAssetsInProcessResearchAndDevelopment	1453000	usd
CY2023Q2	OPTT	Deferred Tax Assets Leases DeferredTaxAssetsLeases	448000	usd
CY2022Q2	OPTT	Deferred Tax Assets Leases DeferredTaxAssetsLeases	207000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	76000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	142000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	55681000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	48391000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	54644000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	47597000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1037000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	794000	usd
CY2023Q2	OPTT	Deferred Tax Liabilities Other Liabilities DeferredTaxLiabilitiesOtherLiabilities	448000	usd
CY2022Q2	OPTT	Deferred Tax Liabilities Other Liabilities DeferredTaxLiabilitiesOtherLiabilities	203000	usd
CY2023Q2	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets	792000	usd
CY2022Q2	us-gaap	Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets	794000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	203000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	203000	usd
CY2023Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	54600000	usd
CY2022Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	47600000	usd
CY2023	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	7000000	usd
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	2500000	usd
CY2023Q2	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	207800000	usd
CY2023	OPTT	Operating Loss Carryforwards Expiration Description OperatingLossCarryforwardsExpirationDescription	begin to expire in fiscal 2023
CY2023Q2	OPTT	Operating Loss Carryforwards Subject To No Expiration OperatingLossCarryforwardsSubjectToNoExpiration	72800000	usd
CY2023	us-gaap	Operating Loss Carryforwards Limitations On Use OperatingLossCarryforwardsLimitationsOnUse	the deductibility of such federal net operating losses may be limited to 80% of our taxable income in future years.
CY2023	us-gaap	Tax Credit Carryforward Limitations On Use TaxCreditCarryforwardLimitationsOnUse	Expenses incurred in connection with R&E activities in the US must be amortized over a 5-year period if incurred, and R&E expenses incurred outside the US must be amortized over a 15-year period.
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023	OPTT	Contribution Percentage ContributionPercentage	1	pure
CY2023	OPTT	Employee Contribution Percentage EmployeeContributionPercentage	0.03	pure
CY2023	OPTT	Employee Contribution Percentage Maximum EmployeeContributionPercentageMaximum	0.06	pure

Files In Submission

Name	View Source	Status
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0001493152-23-025878-index.html	Edgar Link	pending
0001493152-23-025878.txt	Edgar Link	pending
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ex4-1_02.jpg	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
form10-k.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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optt-20230430_pre.xml	Edgar Link	unprocessable
optt-20230430_lab.xml	Edgar Link	unprocessable
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R56.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
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R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
optt-20230430_def.xml	Edgar Link	unprocessable
optt-20230430_cal.xml	Edgar Link	unprocessable

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$OPTT
Ocean Power Technologies, Inc. Stock $optt

2023 Q3 Form 10-K Financial Statement

#000149315223025878 Filed on July 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPTT Ocean Power Technologies, Inc. Stock $optt

2023 Q3 Form 10-K Financial Statement

#000149315223025878 Filed on July 28, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OPTT
Ocean Power Technologies, Inc. Stock $optt