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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,912 $ 1,637
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 8 104
Amortization of debt issuance costs 0 34
Non-cash credits and charges:    
Stock-based compensation 36 16
Deferred income tax provision 0 456
Net periodic pension cost (124) (123)
Gain on debt forgiveness 0 (45)
Changes in assets and liabilities:    
Real estate inventory and investment assets (1,299) (5,709)
Other assets 56 (12)
Accounts payable and accrued expenses (1,107) (758)
Taxes payable (receivable), net 780 (66)
Net cash provided by (used in) operating activities 262 (4,466)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (118) (1)
Net cash used in investing activities (118) (1)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 50 6,857
Principal debt payments 0 (3,867)
Payments for debt issuance costs 0 (50)
Net cash provided by financing activities 50 2,940
Increase (decrease) in cash and cash equivalents 194 (1,527)
Cash and cash equivalents, beginning of period 15,721 24,801
Cash and cash equivalents, end of period 15,915 23,274
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net 0 (3)
Interest paid $ 16 $ 40