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NOTES PAYABLE (Tables) | 12 Months Ended
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Apr. 30, 2022
NOTES PAYABLE |
Schedule of notes payable | Notes payable, net consist of (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30,
​ |  | 2022 |  | 2021
Real estate notes payable | ​ | $ | 2,030 | ​ | $ | 3,482
Unamortized debt issuance costs | ​ |  | — | ​ |  | (34)
​ | ​ | $ | 2,030 | ​ | $ | 3,448
Summary of present information on the Company's notes payable in effect | The following tables present information on the Company’s notes payable in effect as of April 30, 2022 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Principal Amount |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
​ | ​ | ​ | ​ | Available for | ​ | Outstanding | ​ | Principal | ​
​ | ​ | ​ | ​ | New Borrowings | ​ | Principal Amount | ​ | Repayments |
​ | ​ | ​ | ​ | April 30, | ​ | April 30, | ​ | Year ended |
Loan Identifier | ​ | Lender | ​ | 2022 | ​ | 2022 |  | 2021 | ​ | April 30, 2022 |
Revolving Line of Credit |  | BOKF | ​ | $ | 2,427 | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​
La Mirada |  | BOKF | ​ |  | 1,877 | ​ |  | 2,030 | ​ |  | — | ​ |  | 3,468 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 2,030 | ​ | $ | — | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Capitalized Interest |  |
​ | ​ | ​ |  | Mortgaged Property |  | and Fees | ​ | ​
​ |  | Interest Rate |  | Book Value |  | Year ended April 30 | ​ | ​
Loan Identifier |  | April 30, 2022 |  | April 30, 2022 |  | 2022 |  | 2021 |  | Scheduled Maturity
Revolving Line of Credit |  | 3.75 | % | $ | 1,693 | ​ | $ | — | ​ | $ | — |  | February 2024
La Mirada |  | 3.75 | % |  | 8,269 | ​ |  | 193 | ​ |  | — |  | June 2024
The following table presents information on the Company’s notes payable in effect as of April 30, 2021 and terminated prior to April 30, 2022 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Original | ​ | ​ | ​ | ​ | Capitalized Interest
​ | ​ | ​ | ​ | Maximum | ​ | Outstanding | ​ | and Fees
​ | ​ | ​ | ​ | Available | ​ | Principal Amount | ​ | Year ended April 30
Loan Identifier |  | Lender |  | Principal Amount |  | April 30, 2021 |  | 2022 |  | 2021
Lomas Encantadas U2B P3 |  | BOKF | ​ | $ | 2,400 | ​ | $ | 410 | ​ | $ | 6 | ​ | $ | 30
Hawk Site U37 |  | SLFCU | ​ |  | 3,000 | ​ |  | — | ​ |  | — | ​ |  | 7
Hawk Site U23 U40 |  | BOKF | ​ |  | 2,700 | ​ |  | 30 | ​ |  | 1 | ​ |  | —
Lavender Fields – acquisition |  | Seller | ​ |  | 1,838 | ​ |  | 1,749 | ​ |  | — | ​ |  | —
Lavender Fields – development |  | BOKF | ​ |  | 3,750 | ​ |  | 1,293 | ​ |  | 23 | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,482 | ​ | ​ | ​ | ​ | ​ | ​
Schedule of scheduled principal repayments subsequent to reporting date | The following table summarizes the notes payable scheduled principal repayments subsequent to April 30, 2022 (in thousands):
​ | ​ | ​ | ​
Fiscal Year |  | Scheduled Payments
2023 | ​ | $ | —
2024 | ​ |  | —
2025 | ​ |  | 2,030
Total | ​ | $ | 2,030

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