OTHER ASSETS

9 Months Ended

Jan. 31, 2026

OTHER ASSETS

OTHER ASSETS

(4)OTHER ASSETS

Other assets consist of (in thousands):

	January 31,		April 30,
	2026		2025
Prepaid expenses	$	576	$	470
Miscellaneous assets		350		283
Property		2,156		2,060
Equipment		569		567
Less accumulated depreciation of property and equipment		(548)		(441)
Property and equipment, net		2,177		2,186
Total	$	3,103	$	2,939

Prepaid expenses as of January 31, 2026 and as of April 30, 2025 primarily consist of land development cash collateralized performance guaranties and insurance. Amortized lease cost for right-of-use assets associated with the leases of office facilities was $8,000 and $22,000 for the three and nine months ended January 31, 2026 and $7,000 and $21,000 for the three and nine months ended January 31, 2025. Depreciation expense associated with property and equipment was $37,000 and $108,000 for the three and nine months ended January 31, 2026 and $19,000 and $66,000 for the three and nine months ended January 31, 2025.