XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2021
Jul. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,637 $ 593
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 104 129
Amortization of debt issuance costs 34 3
Non-cash credits and charges:    
Stock-based compensation 16 40
Deferred income tax provision 456 187
Net periodic pension cost (123) 87
Gain on debt forgiveness (45)  
Changes in assets and liabilities:    
Real estate inventory and investment assets (5,709) (4,050)
Other assets (12) (29)
Accounts payable and accrued expenses (758) 980
Taxes payable (66)  
Net cash used in operating activities (4,466) (2,060)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (1) (3)
Net cash used in investing activities (1) (3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 6,857 2,293
Principal debt payments (3,867) (637)
Payments for debt issuance costs (50) (27)
Net cash provided by financing activities 2,940 1,629
Decrease in cash and cash equivalents (1,527) (434)
Cash and cash equivalents, beginning of year 24,801 17,502
Cash and cash equivalents, end of year 23,274 17,068
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net (3)  
Interest paid 40 30
Right-of-use assets obtained in exchange for operating lease liabilities $ 24 $ 26