DEBT (Tables)

12 Months Ended

Apr. 30, 2016

Principal amounts of debt at April 30, 2016 and 2015, consist of the following (in thousands):

Promissory Notes	2016		2015

Bank line of credit, available LOC $1.0 million interest at prime plus 2% (7.0% at April 30, 2015 - with a floor of 7%), paid off and closed in September 2015.	$	-	$	700

Bank line of credit, available LOC $2.5 million interest at 6%, paid off and closed in September 2015.		-		656

Bank line of credit, available LOC $5.0 million interest at 3.4% due in September 2016, collateralized by a first and second position on all assets of the Company.		3,988		154
	$	3,988	$	1,510
Long-Term Debt
Note payable, interest at 6% paid off in February 2016.	$	-	$	314

Note payable, interest at 6% due April 2017 collateralized by Aircraft Security Agreements.		81		159

Note payable, interest at 6.25% due September 2017 collateralized by Aircraft Security Agreements.		150		249

Note payable, interest at 5.75% due January 2020 collateralized by Aircraft Security Agreements.		547		674

Note payable, interest at bank prime (3.36 % at April 30, 2016) due August 2019, collateralized by real estate.		192		253

Note payable, interest at bank prime (3.36% at April 30, 2016) due March 2019, collateralized by real estate.		198		261

Note payable, interest at bank prime (2.68% at April 30, 2016) due March 2019, collateralized by real estate.		468		628

Note payable, interest at 6.25%, due June 2019, collateralized by real estate.		291		306

Note payable, interest at 4.89% due May 2020, collateralized by all of BNSC's assets and compensation due under the State Management contract.		4,602		5,500

Obligations of BHCMC, LLC due December 2016 and March 2018 with interest rates at 3.5%.		1,150		895

Other notes payable, due June 2016 with interest at 5.8%.		3		43

		7,682		9,282
Less: Current maturities		2,464		2,412
	$	5,218	$	6,870

Maturities of long-term debt and capital lease obligations

Maturities of long-term debt are as follows:

Year Ending April 30	Amount
2017	$	2,464
2018		1,952
2019		1,594
2020		1,569
2021		103
Thereafter		-
	$	7,682