Note 8 - Other Assets

6 Months Ended

Oct. 31, 2020

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

8.

Other Assets: Our other asset account includes assets of

$5,500

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

$5,927

 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

$913.

 BHCMC expects the

$5,500

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

December 2024. 

The State of Kansas approved a renewal management contract and an amendment to the current management contract for our Professional Services company BNSC via BHCMC. The renewal will take effect

December 15, 2024,

and continue to

2039,

another

15

years. 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

fifteen

years.