LEASES (Tables)

9 Months Ended

Jan. 31, 2020

LEASES

Schedule of operating and finance ROU assets and lease liabilities

	Balance Sheet Classification		January 31, 2020
Assets
Operating lease right-of-use assets	Operating right-of-use assets	$	2,075,000
Finance lease right-of-use assets	Property, plant and equipment, net		45,000
Total leased assets		$	2,120,000
Liabilities
Current
Operating lease liabilities	Current maturities of operating lease liabilities	$	395,000
Finance lease liabilities	Current maturities of finance lease liabilities		45,000
Noncurrent
Operating lease liabilities	Operating lease liabilities, less current maturities		1,945,000
Total lease liabilities		$	2,385,000

Schedule of lease expense

	Three Months Ended		Nine Months Ended
		January 31, 2020		January 31, 2020
Operating lease expense	$	155,000	$	408,000
Finance lease expense
Amortization of right-of-use assets		11,000		34,000
Interest on lease liabilities		1,000		5,000
Total finance lease expense		12,000		39,000
Total lease expense	$	167,000	$	447,000

Schedule of supplemental components of cash flow

	Nine Months Ended
		January 31, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	349,000
Financing cash flows from finance leases		53,000
Total cash paid for amounts included in the measurement of lease liabilities	$	402,000

Schedule of weighted-average remaining lease term and discount rate

	January 31, 2020
	Weighted Average	Weighted Average
	Remaining	Discount
Lease Term and Discount Rate	Lease Term (years)	Rate
Operating leases	6.82	4.52%
Finance leases	0.67	5.43%

Schedule of Future minimum lease payments on the amended operating lease and future minimum finance lease payments

	Finance Lease		Operating Lease
Fiscal Years Ending April 30,	Payments		Payments
2020	$	18,000	$	122,000
2021		27,000		436,000
2022		—		448,000
2023		—		452,000
2024		—		452,000
2025		—		456,000
2026		—		467,000
2027		—		350,000
	$	45,000	$	3,183,000