XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Oct. 31, 2022
Oct. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 5,533 $ 4,963
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 22 204
Amortization of debt issuance costs   34
Non-cash credits and charges:    
Share-based compensation 87 47
Deferred income tax provision   1,522
Net periodic pension cost (247) (246)
Gain on debt forgiveness   (45)
Changes in assets and liabilities:    
Real estate inventory and investment assets (2,741) (2,580)
Other assets (755) (1,203)
Accounts payable and accrued expenses (578) 300
Taxes payable, net (2,255) (66)
Net cash (used in) provided by operating activities (934) 2,930
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy   92
Capital expenditures of property and equipment (121) (11)
Net cash (used in) provided by investing activities (121) 81
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 50 6,857
Principal debt payments (1,828) (4,292)
Payments for debt issuance costs   (50)
Net cash (used in) provided by financing activities (1,778) 2,515
(Decrease) increase in cash and cash equivalents (2,833) 5,526
Cash and cash equivalents, beginning of period 15,721 24,801
Cash and cash equivalents, end of period 12,888 30,327
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net   3
Interest paid $ 49 $ 87