XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Cash flows from operating activities:    
Net income $ 366,532 $ 956,305
Adjustments to reconcile net income to net cash provided by operating activities:    
Income (loss) from discontinued operations 106,862 (235,248)
Depreciation and amortization 357,193 761,111
Stock compensation 35,553 79,739
Amortization of deferred loan issuance costs 104,760 72,959
Change in deferred rent (42,958) 6,076
Change in swap fair value 60,872 (133,444)
(Gain) loss on disposal of assets (34,356) 5,773
Changes in deferred income taxes 100,032 718,496
Changes in operating assets and liabilities:    
Receivables and other assets 112,942 (15,338)
Accounts payable and accrued liabilities 109,987 (387,653)
Net cash provided by operating activities 1,277,419 1,828,776
Cash flows from investing activities:    
Collections on notes receivable 0 347,888
Purchase of property and equipment (171,300) (640,444)
(Contribution to) distribution from discontinued operations (61,669) 1,320,328
Deposit refunded 0 (3,500)
Proceeds from the sale of assets 13,143,373 2,000
Net cash provided by investing activities 12,910,404 1,026,272
Cash flows from financing activities:    
Purchase of treasury stock 0 (1,700,291)
Repayment of credit facilities (8,000,000) (3,700,000)
Proceeds from credit facilities 0 700,000
Interest rate swap termination 73,800 0
Stock issuance proceeds, net of issuance costss 2,154,744 0
Cash proceeds from exercise of stock options 0 14,350
Net cash used in financing activities (5,771,456) (4,685,941)
Cash flows from discontinued operations:    
Cash flows provided by operating activities 136,993 1,301,905
Cash flows used in investing activities (186,643) (119,417)
Cash flows provided by (used in) financing activities 61,669 (1,320,328)
Net cash provided by (used in) discontinued operations 12,019 (137,840)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,428,386 (1,968,733)
Cash, cash equivalents and restricted cash at beginning of period 11,877,994 12,626,215
Cash, cash equivalents and restricted cash at end of period 20,306,380 10,657,482
Supplemental cash flow information:    
Cash paid for interest $ 186,549 $ 401,350