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NOTES PAYABLE (Tables)

12 Months Ended

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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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

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
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