INVESTMENT ASSETS

3 Months Ended

Jul. 31, 2013

Investment Assets [Abstract]

Investment Assets Disclosure [Text Block]

(3)           INVESTMENT ASSETS

Investment assets, net consist of the following (in thousands):

	July 31, 2013		April 30, 2013
Land held for long-term investment	$	10,552	$	10,552
Other		753		753
Less accumulated depreciation and reserves		(429)		(429)
		324		324
	$	10,876	$	10,876

Land held for long-term investment represents property located in areas that are not planned to be developed in the near term and thus has not been offered for sale.  Other includes a building in Rio Rancho, New Mexico under contract for sale.  Depreciation is no longer taken on the building and an impairment reserve of $169,000 was recorded as a charge to operations during the quarter ended July 31, 2012.