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NOTES PAYABLE (Tables) | 12 Months Ended
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Apr. 30, 2023
NOTES PAYABLE |
Summary of present information on the Company's notes payable in effect | The following tables present information on the Company’s notes payable in effect as of April 30, 2023 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Principal Amount |  | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Available for | ​ | Outstanding
(data as of April 30) | ​ | ​ | ​ | New Borrowings | ​ | Principal Amount
Loan Identifier | ​ | Lender | ​ | 2023 | ​ | 2023 |  | 2022
Revolving Line of Credit |  | BOKF | ​ | $ | 4,177 | ​ | $ | — | ​ | $ | —
La Mirada |  | BOKF | ​ |  | — | ​ |  | — | ​ |  | 2,030
Equipment Financing | ​ | DC | ​ | ​ | — | ​ | ​ | 44 | ​ | ​ | —
Total | ​ | ​ | ​ | $ | 4,177 | ​ | $ | 44 | ​ | $ | 2,030
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(data as of April 30, 2023) | ​ | ​ |  | Mortgaged Property | ​ | ​
Loan Identifier |  | Interest Rate |  | Book Value | ​ | Scheduled Maturity
Revolving Line of Credit |  | 8.03 | % | $ | 1,721 |  | August 2025
La Mirada |  | 8.03 | % |  | 8,210 |  | June 2024
Equipment Financing | ​ | 2.35 | % | ​ | 43 | ​ | June 2028
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(data for year ended April 30) |  | Principal Repayments |  | Capitalized Interest and Fees
Loan Identifier | ​ | 2023 |  | 2022 | ​ | 2023 |  | 2022
Revolving Line of Credit | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
La Mirada | ​ |  | 2,030 | ​ |  | 3,468 | ​ |  | 57 | ​ |  | 193
Equipment Financing | ​ |  | 7 | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | $ | 2,037 | ​ | $ | 3,468 | ​ | $ | 57 | ​ | $ | 193
The following table presents information on the Company’s notes payable in effect during 2023 or 2022 and terminated prior to April 30, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Original | ​ | Outstanding
​ | ​ | ​ | ​ | Maximum | ​ | Principal Amount
​ | ​ | ​ | ​ | Available | ​ | April 30,
Loan Identifier |  | Lender |  | Principal Amount |  | 2023 | ​ | 2022
Lomas Encantadas U2B P3 |  | BOKF | ​ | $ | 2,400 | ​ | $ | — | ​ | $ | 410
Hawk Site U37 |  | SLFCU | ​ |  | 3,000 | ​ |  | — | ​ | ​ | —
Hawk Site U23 U40 |  | BOKF | ​ |  | 2,700 | ​ |  | — | ​ | ​ | 30
Lavender Fields – acquisition |  | Seller | ​ |  | 1,838 | ​ |  | — | ​ | ​ | 1,749
Lavender Fields – development |  | BOKF | ​ |  | 3,750 | ​ |  | — | ​ | ​ | 1,293
Schedule of notes payable scheduled principal repayments subsequent to date | The following table summarizes the notes payable scheduled principal repayments subsequent to April 30, 2023 (in thousands):
​ | ​ | ​ | ​
Fiscal Year |  | Scheduled Payments
2024 | ​ | $ | 8
2025 | ​ |  | 8
2026 | ​ |  | 8
Thereafter | ​ | ​ | 20
Total | ​ | $ | 44

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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