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INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Apr. 30, 2026
INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT REPORTABLE SEGMENTS |
Schedule of data for 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 2026 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Land | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​
For the Year Ended April 30, 2026 | ​ | Development | ​ | Homebuilding | ​ | Consolidated
Revenues | ​ | $ | 29,235 | ​ | $ | 23,612 | ​ | $ | 52,847
Cost of Revenues | ​ | ​ | 13,948 | ​ | ​ | 17,482 | ​ | ​ | 31,430
General and administrative expenses | ​ | ​ | 5,249 | ​ | ​ | 2,033 | ​ | ​ | 7,282
Segment profit (loss) | ​ | ​ | 10,038 | ​ | ​ | 4,097 | ​ | ​ | 14,135
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 1,734
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unallocated amounts: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other corporate general and administrative expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,743)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 14,126
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets as of April 30, 2026 | ​ | $ | 119,943 | ​ | $ | 22,546 | ​ | ​ | ​
Depreciation and amortization for the year ended April 30, 2026 | ​ | $ | 311 | ​ | $ | 30 | ​ | ​ | ​
Capital expenditures for the year ended April 30, 2026 | ​ | $ | — | ​ | $ | 102 | ​ | ​ | ​
​ 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
Revenues | ​ | $ | 32,257 | ​ | $ | 17,437 | ​ | $ | 49,694
Cost of Revenues | ​ | ​ | 17,081 | ​ | ​ | 13,228 | ​ | ​ | 30,309
General and administrative expenses | ​ | ​ | 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 general and administrative expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,667)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Income before income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 13,725
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets as of April 30, 2025 | ​ | $ | 106,138 | ​ | $ | 22,913 | ​ | ​ | ​
Depreciation and amortization for the year ended April 30, 2025 | ​ | $ | 212 | ​ | $ | 15 | ​ | ​ | ​
Capital expenditures for the year ended April 30, 2025 | ​ | $ | 504 | ​ | $ | 79 | ​ | ​ | ​
​

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