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CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2022
Apr. 30, 2021
ASSETS    
Cash and cash equivalents $ 15,721,000 $ 24,801,000
Real estate inventory 67,249,000 55,589,000
Investment assets, net 9,017,000 13,582,000
Other assets 1,882,000 645,000
Deferred income taxes, net 958,000 2,749,000
Prepaid pension costs 90,000 0
TOTAL ASSETS 94,917,000 97,366,000
Liabilities:    
Accounts payable and accrued expenses 6,077,000 4,458,000
Notes payable, net 2,030,000 3,448,000
Taxes payable, net 3,648,000 95,000
Accrued pension costs 0 476,000
TOTAL LIABILITIES 11,755,000 8,477,000
Shareholders' Equity:    
Common stock, $.10 par value; shares authorized - 20,000,000; shares issued - 5,240,309 at April 30, 2022 and 7,323,370 at April 30, 2021 524,000 730,000
Capital contributed in excess of par value 32,383,000 45,072,000
Retained earnings 54,828,000 47,710,000
Accumulated other comprehensive loss, net (4,573,000) (4,623,000)
TOTAL SHAREHOLDERS' EQUITY 83,162,000 88,889,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 94,917,000 $ 97,366,000