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COMMITMENTS AND CONTINGENCIES | 6 Months Ended
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Oct. 31, 2025
COMMITMENTS AND CONTINGENCIES. |
COMMITMENTS AND CONTINGENCIES | (11) COMMITMENTS AND CONTINGENCIES Refer to Note 13 to the consolidated financial statements contained in the 2025 Form 10-K for detail regarding the Company’s warranty reserves, security for performance obligations and litigation. Warranty Reserves. Changes in warranty reserves were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Six Months Ended
​ | ​ | October 31, | ​ | October 31,
​ | ​ | 2025 |  | 2024 | ​ | 2025 |  | 2024
Balance at beginning of period |  | $ | 303 |  | $ | 215 |  | $ | 259 |  | $ | 174
Warranty issued during period | ​ |  | 40 | ​ |  | 25 | ​ |  | 91 | ​ |  | 70
Change in pre-existing reserves | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Warranty expenditures during period | ​ |  | (3) | ​ |  | (6) | ​ |  | (10) | ​ |  | (10)
Balance at end of period | ​ | $ | 340 | ​ | $ | 234 | ​ | $ | 340 | ​ | $ | 234
​ Security for Performance Obligations. As of October 31, 2025, the Company had loan reserves outstanding under its Revolving Line of Credit in the aggregate principal amount of $1,812,000 in favor of a municipality guarantying the completion of improvements in a subdivision being constructed by the Company. Litigation. The Company has not accrued any amounts related to litigation matters as of October 31, 2025.

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