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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,484 $ (2,027)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 424 381
Amortization of debt issuance costs 30 56
Non-cash credits and charges:    
Interest earned on deferred purchase price 0 (196)
Stock-based compensation 132 107
Deferred income tax provision (benefit) 1,301 (336)
Net periodic pension cost 298 189
Gain on debt forgiveness (300) 0
Pension settlement 0 2,929
Deferred Rent 0 154
Changes in assets and liabilities:    
Real estate inventory and investment assets (2,750) 2,907
Other assets (297) (399)
Accounts payable and accrued expenses 951 487
Accrued pension costs (1,847) (3,600)
Total adjustments (2,058) 2,679
Net cash provided by operating activities 1,426 652
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3) (18)
Net cash used in investing activities (3) (18)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 5,466 986
Principal debt payments (3,782) (1,385)
Payments for debt issuance costs (87) 0
Repurchase of common stock (5,116) 0
Net cash used in financing activities (3,519) (399)
(Decrease) increase in cash, cash equivalents and restricted cash (2,096) 235
Cash, cash equivalents and restricted cash, beginning of period 17,502 14,236
Cash, cash equivalents and restricted cash, end of period 15,406 14,471
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 52 0
Right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 198