Note 12 - Lease Commitments

6 Months Ended

Oct. 31, 2018

Notes to Financial Statements

Commitments Disclosure [Text Block]

Note

12

- Lease Commitments:

The total amount of the base rent payments is being charged to expense on the straight-line method over the term of the lease.

Future minimum payments, exclusive of potential increases in real estate taxes and operating cost escalations, under operating leases for office space, with remaining terms of

one

year or more, are as follows:

Fiscal Years Ended April 30,	($ in thousands)
2020		1,399
2021		1,432
2022		1,506
2023		1,596
2024 and thereafter		6,900
	$	12,833

For the

six

months ended

October 31, 2018

and

2017,

rental expenses were

$633,000

and

$618,000,

respectively.