(5) OTHER ASSETS

Other assets consist of:


	October 31,		April 30,
	2020		2020
	(in thousands)
Prepaid expenses	$	931	$	464
Receivables		281		156
Right-of-use assets associated with leases of office facilities		133		109
Other assets		170		170
Property and equipment		219		217
Less accumulated depreciation		190		182
Property and equipment, net		29		35
	$	1,544	$	934

Prepaid expenses as of October 31, 2020 primarily consist of prepaid insurance, stock compensation, prepayments for office rent, in-process prepayments of amounts due under the public improvement district and security deposits for the buildings in Palm Coast, Florida. Prepaid expenses as of October 31, 2019 primarily consist of prepaid insurance and stock compensation.

Depreciation expense associated with property and equipment was $8,000 and $9,000 for the six months ended October 31, 2020 and October 31, 2019 and $2,000 and $5,000 for the three months ended October 31, 2020 and October 31, 2019.