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Note 7 - Debt
9 Months Ended
Jan. 31, 2020
Notes to Financial Statements  
Debt Disclosure [Text Block]
7.
Debt: At
January 31, 2020
, the Company was utilizing a promissory note in the form of a line of credit totaling
$5,000.
The unused line at
January 31, 2020
was
$5,000
. The line of credit is due on demand and is collateralized by the
first
and
second
positions on all assets of the Company.
 
At
January 31, 2020
, there was
one
note with an interest rate of
6.25%
 collateralized by aircraft security agreements totaling
$1,843
. This note was used for the purchase and modifications of collateralized aircraft. This note matures in
January 2023.
 
At
January 31, 2020
, there is
one
note totaling
$229
 collateralized by real estate in Dodge City, Kansas. The interest rate on this note is
6.25%
. This note matures in
June 2024.
 
At
January 31, 2020
, there is
one
note collateralized by equipment with a balance of
$47
. The interest rate on this note is
4.5%
. This note matures in
April 2022.
  
At
January 31, 2020
, there is
one
note at a bank totaling
$411
 with an interest rate of
4.89%
. The proceeds were used primarily to refinance obligations with BHCI (a non-controlling owner of BHCMC, LLC). This note matures in
May 2020.
 
We are
not
in default of any of our notes as of
January 31, 2020
.
 
We believe that our current banks will provide the necessary capital for our business operations. However, we continue to maintain contact with other banks that have an interest in funding our working capital needs to continue our growth in operations in 
2020
 and beyond.