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Note 9 - Property and Equipment
 6 Months Ended
Oct. 31, 2024
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 9 - Property and Equipment:

 

Property and equipment are carried at cost.  Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the remaining terms of the leases.  For income tax purposes, depreciation of furniture and equipment is computed using accelerated methods and buildings and leasehold improvements are depreciated over prescribed extended tax lives. Property and equipment, net, on the Consolidated Condensed Balance Sheets was comprised of the following:

 

   

October 31,

    

April 30,

  

($ in thousands)

  

2024

    

2024

  
                 

Building and leasehold improvements

   $ 652     $ 652  

Operating lease - right-of-use asset

     3,571       4,090  

Furniture and equipment

     2,316       2,274  
      6,539       7,016  

Accumulated depreciation and amortization

     (2,600 )     (2,576 )

Total property and equipment, net

   $ 3,939     $ 4,440