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INVESTMENT ASSETS, NET

12 Months Ended

Apr. 30, 2022

INVESTMENT ASSETS, NET

INVESTMENT ASSETS, NET

(3)          INVESTMENT ASSETS, NET

Investment assets, net consist of (in thousands):

​

​	​	​	​	​	​	​
​	​	April 30,
​		2022			2021
Land held for long-term investment	​	$	9,017	​	$	9,775
Buildings		​	—		​	10,003
Less accumulated depreciation		​	—		​	(6,196)
Buildings, net		​	—		​	3,807
​	​	$	9,017	​	$	13,582

​

Land held for long-term investment represents property located in areas that are not planned to be developed in the near term and that has not been offered for sale in the normal course of business.

As of April 30, 2021, buildings were comprised of a 143,000 square foot warehouse and office facility located in Palm Coast, Florida. During 2022, the Company sold this warehouse and office facility. Depreciation associated with buildings was $201,000 and $542,000 for 2022 and 2021.

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- Definition

Investment and other non-current assets.

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No definition available.

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- Definition

This element represents certain disclosures of real estate investment assets like, the value of land held for long-term investment as well as other real estate investment assets related disclosures.

+ References

No definition available.

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