DEBT (Tables)

12 Months Ended

Apr. 30, 2025

Principal amounts of debt at April 30, 2025 and 2024, consist of the following (in thousands):


Promissory Notes	2025		2024

Bank line of credit, available LOC $2.0 million interest at 8.4% due on demand, secured by a first and second position on all assets of the Company.	-		-
	$	-	$	-

Long-Term Debt

Note payable, interest at 7.19%, due November 2029, secured by a single aircraft with a net book value of $2.5 million.	$	1,922	$	-

Note payable, interest at Secured Overnight Financing Rate (SOFR) plus 1.75% due March 2029, secured by buildings and improvements with a net book value of $624.	627		787

Note payable, interest at 5.32%, this note matures in December 2027, with a balloon payment of $19,250, secured by all of BHCMC's assets and compensation due under the State Management Contract.	27,417		29,167

Note payable, interest at 5.75%, this note matures October 2026, secured by all of BHCMC's assets and compensation due under the State Management Contract.	4,611		7,471

Note payable, interest at 4.35%, due March 2029, secured by Aircraft Security Agreements with a net book value of $460.	720		887

Note payable, interest at 8.13%, due April 2027, secured by equipment with a net book value of $20.	24		34

	35,321		38,346
Less: Origination fees	164		236
	35,157		38,110
Less: Current maturities, net of origination fees	5,287		4,866
	$	29,870	$	33,244

Maturities of long-term debt are as follows: