OTHER ASSETS

3 Months Ended

Jul. 31, 2021

OTHER ASSETS

OTHER ASSETS

(4)          OTHER ASSETS

Other assets consist of (in thousands):

	July 31,		April 30,
	2021		2021
Prepaid expenses	$	501	$	324
Receivables		30		37
Right-of-use assets associated with leases of office facilities		60		84
Other assets		172		172
Property and equipment		222		222
Less accumulated depreciation		(194)		(194)
Property and equipment, net		28		28
	$	791	$	645

Prepaid expenses as of July 31, 2021 primarily consist of stock compensation and prepayments for a public improvement district. Amortized lease cost for right-of-use assets associated with the leases of office facilities was $24,000 and $26,000 for three months ended July 31, 2021 and July 31, 2020. Depreciation expense associated with property and equipment was less than $1,000 and $7,000 for three months ended July 31, 2021 and July 31, 2020.