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Leases (Tables)
3 Months Ended
Jul. 31, 2022
Leases [Abstract]  
Lease Assets And Liabilities Related To Balance Sheet Classification

July 31,

April 30,

Classification

2022

2022

Operating Leases:

Right-of-use Assets

Right-of-use assets

$

10,190,384 

$

10,946,764 

Operating lease current
liabilities

Current portion of operating lease
obligations

3,583,167 

3,508,864 

Operating lease noncurrent
liabilities

Operating lease obligations, less
current portion

7,061,053 

7,903,898 

Finance Leases:

Right-of-use Assets

Property, machinery and equipment

5,852,713 

5,561,243 

Finance lease current
liabilities

Current portion of finance lease
obligations

1,571,973 

1,410,675 

Finance lease noncurrent
liabilities

Finance lease obligations, less
current portion

3,116,405 

2,805,135 

Components Of Lease Expense

Three Months

Three Months

Ended

Ended

Expense

July 31,

July 31,

Classification

2022

2021

Operating Leases:

Operating lease cost

Operating

623,811

591,358

Variable lease cost

Operating

54,815

97,354

Short term lease cost

Operating

2,250

1,800

Finance Leases:

Amortization of
right-of-use assets

Operating

571,103

594,103

Interest expense

Interest

63,614

66,404

Total

1,315,593

1,351,019

Weighted Average Lease Term And Discount Rate

July 31,

July 31,

2022

2021

Operating Leases:

Weighted average remaining lease term (months)

43.42

52.90

Weighted average discount rate

3.2%

3.1%

Finance Leases:

Weighted average remaining lease term (months)

36.35

23.98

Weighted average discount rate

9.5%

8.2%

Future Payments Due Under Operating and Finance Leases

Operating Leases

Finance Leases

For the remaining 9 months of the fiscal year ending April 30:

2023

$

2,750,230 

$

1,519,665 

For the fiscal years ending April 30:

2024

3,155,392 

1,662,035 

2025

2,492,455 

1,441,187 

2026

2,018,560 

773,919 

2027

445,298 

60,875 

2028

74,382 

-

Thereafter

133,717 

-

Total undiscounted lease payments

11,070,034 

5,457,681 

Present value discount, less interest

425,814 

769,303 

Lease liability

$

10,644,220 

$

4,688,378 

Supplemental Cash Flow Information Related To Leases

Three Months Ended

July 31,

July 31,

Other Information

2022

2021

Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from finance leases

63,614 

66,404 

Operating cash flows from operating leases

86,633 

101,667 

Financing cash flows from finance leases

353,258 

494,730 

Supplemental non-cash information on lease liabilities arising from
obtaining right-of-use assets:

Right-of-use assets obtained in exchange for
new finance lease liabilities

825,826 

709,877 

Right-of-use assets obtained in exchange for
operating lease liabilities

756,380 

758,523