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INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS (Tables) | 12 Months Ended
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Apr. 30, 2025
INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS |
Schedule of data relative to the industry segments in which the Company operated | ​ The following table sets forth summarized data relative to the industry segments in which the Company operated for 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Land |  | ​ | ​ |  | ​ | ​
For the Year Ended April 30, 2025 | ​ | Development | ​ | Homebuilding | ​ | Consolidated
Revenues1 | ​ | $ | 28,602 | ​ | $ | 17,407 | ​ | $ | 46,009
Other Revenues | ​ | ​ | 3,655 | ​ | ​ | 30 | ​ | ​ | 3,685
Segment Revenues | ​ | ​ | 32,257 | ​ | ​ | 17,437 | ​ | ​ | 49,694
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of Revenues | ​ | ​ | 15,388 | ​ | ​ | 13,228 | ​ | ​ | 28,616
Other Cost of Revenues | ​ | ​ | 1,693 | ​ | ​ | — | ​ | ​ | 1,693
General and administrative expenses2 | ​ | ​ | 3,847 | ​ | ​ | 1,764 | ​ | ​ | 5,611
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment profit (loss) | ​ | ​ | 11,329 | ​ | ​ | 2,445 | ​ | ​ | 13,774
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,622
Other expense | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (4)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unallocated amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other corporate expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,667)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 13,725
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets3 as of April 30, 2025 | ​ | $ | 106,138 | ​ | $ | 22,913 | ​ | ​ | ​
Depreciation and amortization for the year ended April 30, 2025 | ​ | $ | 212 | ​ | $ | 13 | ​ | ​ | ​
Capital expenditures for the year ended April 30, 2025 | ​ | $ | 504 | ​ | $ | 79 | ​ | ​ | ​
1 Revenue information provided for the land development segment includes certain amounts classified as home sale revenues in the accompanying consolidated statements of operations. 2 General and administrative expenses primarily relate to payroll, employee benefits and professional expenses. 3 Segment assets exclude corporate assets, such as cash and cash equivalents, corporate facilities and tax assets. ​ The following table sets forth summarized data relative to the industry segments in which the Company operated for 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Land |  | ​ | ​ |  | ​ | ​
For the Year Ended April 30, 2024 | ​ | Development | ​ | Homebuilding | ​ | Consolidated
Revenues1 | ​ | $ | 29,367 | ​ | $ | 14,645 | ​ | $ | 44,012
Other Revenues | ​ | ​ | 7,354 | ​ | ​ | 3 | ​ | ​ | 7,357
Segment Revenues | ​ | ​ | 36,721 | ​ | ​ | 14,648 | ​ | ​ | 51,369
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of Revenues | ​ | ​ | 19,311 | ​ | ​ | 10,585 | ​ | ​ | 29,896
Other Cost of Revenues | ​ | ​ | 7,000 | ​ | ​ | — | ​ | ​ | 7,000
General and administrative expenses2 | ​ | ​ | 3,677 | ​ | ​ | 1,214 | ​ | ​ | 4,891
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment profit (loss) | ​ | ​ | 6,733 | ​ | ​ | 2,849 | ​ | ​ | 9,582
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 823
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unallocated amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other corporate expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,980)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 8,425
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets3 as of April 30, 2024 | ​ | $ | 97,408 | ​ | $ | 13,304 | ​ | ​ | ​
Depreciation and amortization for the year ended April 30, 2024 | ​ | $ | 166 | ​ | $ | 4 | ​ | ​ | ​
Capital expenditures for the year ended April 30, 2024 | ​ | $ | 312 | ​ | $ | 145 | ​ | ​ | ​
1 Revenue information provided for the land development segment includes certain amounts classified as home sale revenues in the accompanying consolidated statements of operations. 2 General and administrative expenses primarily relate to payroll, employee benefits and professional expenses. 3 Segment assets exclude corporate assets, such as cash and cash equivalents, corporate facilities and tax assets.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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