(4)OTHER ASSETS

Other assets consist of (in thousands):

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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.