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INVESTMENT ASSETS, NET
9 Months Ended
Jan. 31, 2022
INVESTMENT ASSETS, NET  
INVESTMENT ASSETS, NET

(3)          INVESTMENT ASSETS, NET

Investment assets, net consist of (in thousands):

    

January 31, 

    

April 30,

2022

2021

Land held for long-term investment

$

9,775

$

9,775

Buildings

10,003

Less accumulated depreciation

 

 

(6,196)

Buildings, net

 

 

3,807

$

9,775

$

13,582

As of April 30, 2021, buildings were comprised of a 143,000 square foot warehouse and office facility located in Palm Coast, Florida. In October 2021, the Company sold this 143,000 square foot warehouse and office facility. Depreciation associated with buildings was $152,000 for the three months ended January 31, 2021 and $200,000 and $415,000 for the nine months ended January 31, 2022 and January 31, 2021.