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INCOME TAXES (Tables) | 12 Months Ended
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Apr. 30, 2026
INCOME TAXES |
Schedule of components of income tax expense (benefit) | All income from continuing operations before income taxes was attributable to U.S. domestic operations. The provision (benefit) for income taxes consists of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Current: |  | ​ | ​ |  | ​ | ​
Federal | ​ | $ | 642 | ​ | $ | (994)
State and local | ​ |  | — | ​ |  | (66)
​ | ​ |  | 642 | ​ |  | (1,060)
Deferred: | ​ |  | ​ | ​ |  | ​
Federal | ​ |  | 2,635 | ​ |  | 2,082
State and local | ​ |  | 561 | ​ |  | (13)
​ | ​ |  | 3,196 | ​ |  | 2,069
Total provision for income taxes | ​ | $ | 3,838 | ​ | $ | 1,009
Schedule of components of the net deferred income taxes | The components of the net deferred income taxes are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30,
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Deferred income tax assets: |  | ​ | ​ |  | ​ | ​
State tax loss carryforwards | ​ | $ | 2,009 | ​ | $ | 2,701
U.S. federal NOL carryforward | ​ |  | 4,330 | ​ |  | 6,819
Vacation accrual | ​ |  | 58 | ​ |  | 32
Real estate basis differences | ​ |  | 2,581 | ​ |  | 2,419
Other | ​ |  | 492 | ​ |  | 420
Total deferred income tax assets | ​ | ​ | 9,470 | ​ | ​ | 12,391
​
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax liabilities: |  | ​ | ​ |  | ​ | ​
Depreciable assets |  | ​ | (128) |  | ​ | (40)
Deferred gains on investment assets |  | ​ | (2,400) |  | ​ | (2,401)
Other |  | ​ | (43) |  | ​ | (48)
Total deferred income tax liabilities |  | ​ | (2,571) |  | ​ | (2,489)
Valuation allowance for realization of certain deferred income tax assets |  | ​ | (1,127) |  | ​ | (933)
Net deferred income tax asset | ​ | $ | 5,772 | ​ | $ | 8,969
Schedule of effective income tax rate reconciliation | The following tables reconcile taxes computed at the U.S. federal statutory income tax rate from continuing operations to the Company’s actual tax provision (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30, 2026
​ | ​ ​ ​ | Amount | ​ ​ ​ | Percent
Computed tax provision at statutory rate | ​ | $ | 2,988 |  | 21.0 | %
State and local income tax, net of federal income tax effect | ​ |  | 567 |  | 4.0 | %
Effect of changes in tax laws or rates enacted in the current period | ​ |  | 61 |  | 0.4 | %
Changes in valuation allowances | ​ |  | 193 |  | 1.4 | %
Other reconciling items | ​ |  | 29 |  | 0.2 | %
Actual tax provision (benefit) / effective tax rate | ​ | $ | 3,838 |  | 27.0 | %
​
​ | ​ | ​ | ​
​ | ​ | Year Ended April 30,
​ | ​ ​ ​ | 2025
Computed tax provision at statutory rate | ​ | $ | 2,876
Increase (reduction) in tax resulting from: | ​ |  | ​
Deferred tax rate changes | ​ |  | 64
Change in valuation allowances | ​ |  | (56)
State income taxes, net of federal income tax effect | ​ |  | 499
Permanent items | ​ | ​ | (258)
Other comprehensive loss, net of tax | ​ | ​ | (1,230)
Other | ​ |  | (886)
Actual tax provision (benefit) | ​ | $ | 1,009

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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