XML 21 R12.htm IDEA: XBRL DOCUMENT

OTHER ASSETS

6 Months Ended

Oct. 31, 2023

(5) OTHER ASSETS

Other assets consist of (in thousands):


	October 31,		April 30,
	2023		2023
Prepaid expenses	$	1,004	$	1,536
Miscellaneous assets		375		362
Property		1,289		1,251
Equipment		462		366
Less accumulated depreciation of property and equipment		(294)		(266)
Property and equipment, net		1,457		1,351
Total	$	2,836	$	3,249

Prepaid expenses as of October 31, 2023 primarily consist of insurance, income taxes and land development cash collateralized performance guaranties. Prepaid expenses as of April 30, 2023 primarily consist of land development cash collateralized performance guaranties, stock compensation, insurance and income and real estate taxes. Amortized lease cost for right-of-use assets associated with leases of office facilities was $7,000 and $13,000 for the three and six months ended October 31, 2023 and $6,000 and $12,000 for the three and six months ended October 31, 2022. Depreciation expense associated with property and equipment was $16,000 and $28,000 for the three and six months ended October 31, 2023 and $15,000 and $22,000 for the three and six months ended October 31, 2022.