INVESTMENT ASSETS, NET

3 Months Ended

Jul. 31, 2021

INVESTMENT ASSETS, NET

INVESTMENT ASSETS, NET

(3)          INVESTMENT ASSETS, NET

Investment assets, net consist of (in thousands):

	July 31,		April 30,
	2021		2021
Land held for long-term investment	$	9,775	$	9,775
Buildings		10,003		10,003
Less accumulated depreciation		(6,299)		(6,196)
Buildings, net		3,704		3,807
	$	13,479	$	13,582

Depreciation associated with the buildings was $103,000 and $105,000 for the three months ended July 31, 2021 and July 31, 2020.