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OTHER ASSETS

9 Months Ended

Jan. 31, 2022

(4) OTHER ASSETS

Other assets consist of (in thousands):


	January 31,		April 30,
	2022		2021
Prepaid expenses	$	412	$	324
Receivables		39		37
Right-of-use assets associated with leases of office facilities		123		84
Other assets		80		172
Property		1,244		—
Equipment		235		222
Less accumulated depreciation		(209)		(194)
Property and equipment, net		1,270		28
	$	1,924	$	645

Prepaid expenses as of January 31, 2022 primarily consisted of stock compensation, insurance, real estate taxes and utility deposits. Amortized lease cost for right-of-use assets associated with the leases of office facilities was $8,000 and $41,000 for the three months ended January 31, 2022 and January 31, 2021 and $46,000 and $83,000 for the nine months ended January 31, 2022 and January 31, 2021.

In August 2021, the Company acquired a 7,000 square foot office building in Rio Rancho, New Mexico from which its real estate business now operates. Depreciation expense associated with property and equipment was $14,000 and $2,000 for the three months ended January 31, 2022 and January 31, 2021 and $17,000 and $9,000 for the nine months ended January 31, 2022 and January 31, 2021.