Note 10 - Capital Lease

9 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Debt and Capital Leases Disclosures [Text Block]

10.

Capital Lease

The Company leases a hangar and office space under a long-term lease.

Included in land and building are the following assets held under capital lease:

	January 31, 2019
Building	$	1,699
Less accumulated depreciation		3
Total	$	1,696

Future minimum lease payments for assets under capital leases at

January 31, 2019

are as follows:

2020	$	93
2021		93
2022		93
2023		93
2024		93
Thereafter		4,159
Total minimum lease payments		4,624
Less amount representing interest		2,925
Present value of net minimum lease payments		1,699
Less current maturities of capital lease obligation		8
Long-term capital lease obligation	$	1,691