Note 2 - Debt

12 Months Ended

Apr. 30, 2018

Notes to Financial Statements

Debt Disclosure [Text Block]

2. DEBT:

Principal amounts of debt at

April 30, 2018

and

2017,

consist of the following (in thousands):

Promissory Notes	2018		2017
Bank line of credit, available LOC $5.0 million interest at 3.4% due on demand, collateralized by a first and second position on all assets of the Company.		2,387		2,604
	$	2,387	$	2,604
Long-Term Debt
Note payable, interest at 6.25% paid off in 2018.		-		46
Note payable, interest at 5.75% due January 2020 collateralized by Aircraft Security Agreements.		270		412
Note payable, interest at bank prime (3.36 % at April 30, 2018) due August 2019, collateralized by real estate.		62		128
Note payable, interest at bank prime (3.36% at April 30, 2018) due March 2019, collateralized by real estate.		65		132
Note payable, interest at bank prime (4.46% at April 30, 2018) due March 2019, collateralized by real estate.		147		307
Note payable, interest at 6.25%, due June 2019, collateralized by real estate.		259		276
Note payable, interest at 4.89% due May 2020, collateralized by all of BNSC's assets and compensation due under the State Management contract.		2,464		3,560
Notes payable, interest at 4.5%, due April 2022, collateralized by equipment.		80		98
Obligations of BHCMC, LLC paid off in 2018.		-		685
		3,347		5,644
Less: Current maturities		1,612		2,297
	$	1,735	$	3,347

Maturities of long-term debt are as follows:

Year Ending April 30	Amount
2019	$	1,612
2020		1,589
2021		124
2022		22
2023		-
Thereafter		-
	$	3,347

Financial and Other Covenants

We are in compliance with our covenants at

April 30, 2018.