GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

9 Months Ended

Jan. 31, 2026

GENERAL AND ADMINISTRATIVE EXPENSES

Schedule of general and administrative expenses

General and administrative expenses consist of (in thousands):

	Three Months Ended				Nine Months Ended
	January 31,				January 31,
	2026		2025		2026		2025
Land development	$	1,922	$	989	$	3,952	$	2,884
Homebuilding		544		467		1,471		1,274
Corporate		464		419		1,310		1,173
Total	$	2,930	$	1,875	$	6,733	$	5,331