Note 7 - Other Assets

9 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

7.

Other Assets: Our other asset account includes assets of

$5,500

related to the Kansas Expanded Lottery Act Management Contract privilege fee,

$5,546

of gaming equipment we were required to pay for ownership by the State of Kansas Lottery, and JET autopilot intellectual property of

$1,417

and miscellaneous other assets of

$1,461.

  BHCMC expects the

$5,500

privilege fee to have a value over the remaining life of the Management Contract with the State of Kansas which will end in

December 2024. 

There is

no

assurance of the Management Contract renewal.  The Managers Certificate asset for use of gaming equipment is being amortized over a period of

three

years based on the estimated useful life of gaming equipment.  The JET intellectual property is being amortized over a period of

15

years.