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v3.22.2

NOTES PAYABLE - Additional information (Details) | 1 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
May 31, 2021 USD ($) | Jun. 30, 2020 USD ($) a item | Apr. 30, 2022 USD ($) | Apr. 30, 2021 USD ($) | Jun. 30, 2021 USD ($) a | Feb. 28, 2021 USD ($) a
NOTES PAYABLE: |  |  |  |  |  |
Outstanding amount |  |  | $ 2,030,000 | $ 3,482,000 |  |
Lavender Fields, LLC ("LF") |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Number of acres | a |  | 28 |  |  |  |
Number of residential lots | item |  | 82 |  |  |  |
Revolving Line of Credit |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Maximum borrowing capacity |  |  | 2,427,000 |  |  |
Outstanding amount |  |  | 1,323,000 |  |  |
Interest and fees capitalized |  |  | 0 | 0 |  |
Revolving Line of Credit | Loan Agreement |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Number of acres | a |  |  |  |  |  | 298
Debt Instrument, Face Amount |  |  |  |  |  | $ 4,000,000
Maximum amount for use with credit card |  |  |  |  |  | $ 250,000
Unrestricted cash and cash equivalents |  |  | 3,000,000.0 |  |  |
Minimum Net Worth Required for Compliance |  |  | $ 32,000,000 |  |  |
Revolving Line of Credit | Loan Agreement | LIBOR |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Interest rate period |  |  | 30 days |  |  |
Spread on interest rate |  |  | 3.00% |  |  |
Line of credit facility, interest rate during period |  |  | 3.75% |  |  |
Non-Revolving Line of Credit Promissory Note |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Number of acres | a |  |  |  |  | 15 |
Maximum borrowing capacity |  |  |  |  | $ 7,375,000 |
Non-Revolving Line of Credit Promissory Note | LIBOR |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Spread on interest rate |  |  | 3.00% |  |  |
Non-Revolving Line of Credit Promissory Note | Minimum [Member] |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Line of credit facility, interest rate during period |  |  | 3.75% |  |  |
La Mirada |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Debt Instrument, Face Amount |  |  | $ 2,364,000 |  |  |
Maximum borrowing capacity |  |  | 1,877,000 |  |  |
Principal payment per lot to be made to release the lien of mortgage depending on the size of the lot 2 |  |  | 60,600 |  |  |
Minimum tangible net worth to be maintained by guarantor |  |  | 32,000,000 |  |  |
Interest and fees capitalized |  |  | $ 193,000 | $ 0 |  |
La Mirada | LIBOR |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Interest rate period |  |  | 30 days |  |  |
Acquisition Financing Member | Lavender Fields, LLC ("LF") |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Deferred purchase price payable | $ 45,000 |  |  |  |  |
Deferred purchase price paid | $ 1,704,000 | $ 1,838,000 |  |  |  |
Acquisition Financing Member | Lavender Fields, LLC ("LF") | On or before June 2021 |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Interest and fees capitalized |  | 919,000 |  |  |  |
Acquisition Financing Member | Lavender Fields, LLC ("LF") | On or before June 2022 |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Interest and fees capitalized |  | 919,000 |  |  |  |
Development Financing Member | Lavender Fields, LLC ("LF") |  |  |  |  |  |
NOTES PAYABLE: |  |  |  |  |  |
Maximum borrowing capacity |  | $ 3,750,000 |  |  |  |

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