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INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS (Tables) | 6 Months Ended
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Oct. 31, 2025
INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS |
Schedule of data for the industry segments in which the Company operated | Three months ended October 31, 2025. The following table sets forth summarized data for the industry segments in which the Company operated for the three months ended October 31, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​
For the Three Months Ended | ​ | Land | ​ | ​ | ​ | ​
October 31, 2025 |  | Development |  | Homebuilding |  | Consolidated
Revenues | ​ | $ | 2,204 | ​ | $ | 6,346 | ​ | $ | 8,550
Other Revenues | ​ | ​ | 826 | ​ | ​ | 22 | ​ | ​ | 848
Segment Revenues | ​ | ​ | 3,030 | ​ | ​ | 6,368 | ​ | ​ | 9,398
Cost of Revenues | ​ | ​ | 1,221 | ​ | ​ | 4,778 | ​ | ​ | 5,999
Other Cost of Revenues | ​ | ​ | 324 | ​ | ​ | — | ​ | ​ | 324
General and administrative expenses | ​ | ​ | 1,042 | ​ | ​ | 479 | ​ | ​ | 1,521
Segment profit (loss) | ​ | ​ | 443 | ​ | ​ | 1,111 | ​ | ​ | 1,554
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 459
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
Unallocated amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other corporate general and administrative expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (435)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,578
Depreciation and amortization | ​ | $ | 77 | ​ | $ | 4 | ​ | ​ | ​
Capital expenditures | ​ | $ | (3) | ​ | $ | 63 | ​ | ​ | ​
​ Three months ended October 31, 2024. The following table sets forth summarized data for the industry segments in which the Company operated for the three months ended October 31, 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Three Months Ended | ​ | Land | ​ | ​ | ​ | ​ | ​ | ​
October 31, 2024 |  | Development |  | Homebuilding |  | Consolidated
Revenues | ​ | $ | 6,955 | ​ | $ | 4,236 | ​ | $ | 11,191
Other Revenues | ​ | ​ | 714 | ​ | ​ | 1 | ​ | ​ | 715
Segment Revenues | ​ | ​ | 7,669 | ​ | ​ | 4,237 | ​ | ​ | 11,906
Cost of Revenues | ​ | ​ | 3,575 | ​ | ​ | 3,028 | ​ | ​ | 6,603
Other Cost of Revenues | ​ | ​ | 334 | ​ | ​ | — | ​ | ​ | 334
General and administrative expenses | ​ | ​ | 987 | ​ | ​ | 417 | ​ | ​ | 1,404
Segment profit (loss) | ​ | ​ | 2,773 | ​ | ​ | 792 | ​ | ​ | 3,565
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 576
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | —
Unallocated amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other corporate general and administrative expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (421)
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 3,720
Depreciation and amortization | ​ | $ | 45 | ​ | $ | 2 | ​ | ​ | ​
Capital expenditures | ​ | $ | 86 | ​ | $ | 1 | ​ | ​ | ​
​ Six months ended October 31, 2025. The following table sets forth summarized data for the industry segments in which the Company operated for the six months ended October 31, 2025 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended |  | Land | ​ | ​ | ​ | ​ | ​ | ​
October 31, 2025 |  | Development |  | Homebuilding |  | Consolidated
Revenues | ​ | $ | 11,049 | ​ | $ | 14,566 | ​ | $ | 25,615
Other Revenues | ​ | ​ | 1,592 | ​ | ​ | 43 | ​ | ​ | 1,635
Segment Revenues | ​ | ​ | 12,641 | ​ | ​ | 14,609 | ​ | ​ | 27,250
Cost of Revenues |  | ​ | 4,803 |  | ​ | 10,730 |  | ​ | 15,533
Other Cost of Revenues |  | ​ | 648 |  | ​ | — |  | ​ | 648
General and administrative expenses |  | ​ | 2,030 |  | ​ | 926 |  | ​ | 2,956
Segment profit (loss) |  | ​ | 5,160 |  | ​ | 2,953 |  | ​ | 8,113
Interest income, net |  | ​ | ​ |  | ​ |  |  | ​ | 915
Other income |  | ​ | ​ |  | ​ |  |  | ​ | —
Unallocated amounts: |  | ​ |  |  | ​ |  |  | ​ |
Other corporate general and administrative expenses |  | ​ | ​ |  | ​ |  |  | ​ | (848)
Income before income taxes | ​ | ​ | ​ |  | ​ |  |  | $ | 8,180
Depreciation and amortization | ​ | $ | 145 | ​ | $ | 14 |  | ​ |
Capital expenditures | ​ | $ | — | ​ | $ | 80 |  | ​ |
Segment assets as of October 31, 2025 | ​ | $ | 115,465 | ​ | $ | 23,450 |  | ​ |
Six months ended October 31, 2024. The following table sets forth summarized data for the industry segments in which the Company operated for the six months ended October 31, 2024 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Six Months Ended | ​ | Land | ​ | ​ | ​ | ​ | ​ | ​
October 31, 2024 |  | Development |  | Homebuilding |  | Consolidated
Revenues | ​ | $ | 17,622 | ​ | $ | 11,910 | ​ | $ | 29,532
Other Revenues |  | ​ | 1,455 |  | ​ | 5 |  | ​ | 1,460
Segment Revenues |  | ​ | 19,077 |  | ​ | 11,915 |  | ​ | 30,992
Cost of Revenues |  | ​ | 9,729 |  | ​ | 9,028 |  | ​ | 18,757
Other Cost of Revenues |  | ​ | 648 |  | ​ | — |  | ​ | 648
General and administrative expenses |  | ​ | 1,895 |  | ​ | 807 |  | ​ | 2,702
Segment profit (loss) |  | ​ | 6,805 |  | ​ | 2,080 |  | ​ | 8,885
Interest income, net |  | ​ | ​ |  | ​ |  |  | ​ | 857
Other income |  | ​ | ​ |  | ​ |  |  | ​ | —
Unallocated amounts: |  | ​ |  |  | ​ |  |  | ​ |
Other corporate general and administrative expenses |  | ​ | ​ |  | ​ |  |  | ​ | (749)
Income before income taxes | ​ | ​ | ​ |  | ​ |  |  | $ | 8,993
Depreciation and amortization | ​ | $ | 91 | ​ | $ | 5 |  | ​ |
Capital expenditures | ​ | $ | 110 | ​ | $ | 10 |  | ​ |
Segment assets as of October 31, 2024 | ​ | $ | 102,749 | ​ | $ | 14,790 |  | ​ |
​

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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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