| REVENUES |
(7)REVENUES Land sale revenues. Land sale revenues are sales of developed residential land, developed commercial land and undeveloped land. Home sale revenues. Home sale revenues are sales of homes constructed and sold by the Company. Other revenues. Other revenues consist of (in thousands): | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | January 31, | | January 31, | | | 2026 | | 2025 | | 2026 | | 2025 | Landscaping revenues | | $ | 622 | | $ | 370 | | $ | 1,728 | | $ | 1,473 | Miscellaneous other revenues | | | 260 | | | 148 | | | 790 | | | 510 | Total | | $ | 882 | | $ | 518 | | $ | 2,518 | | $ | 1,983 |
Refer to Note 7 to the consolidated financial statements contained in the 2025 Form 10-K for detail about the categories of other revenues. Miscellaneous other revenues for the three and nine months ended January 31, 2026 primarily consist of management fees for homeowners’ associations, residential rental revenues and billboard advertising revenues. Miscellaneous other revenues for the three and nine months ended January 31, 2025 primarily consist of extension fees for purchase contracts, management fees for homeowners’ associations and residential rental revenues. Major customers: | ● | A majority of the land sale revenues were received from one customer and two customers for the three and nine months ended January 31, 2026 and two customers for each of the three and nine months ended January 31, 2025. Other than receivables for immaterial amounts, there were no outstanding receivables from these customers as of January 31, 2026 or January 31, 2025. |
| ● | There was one customer that contributed in excess of 10% of the Company’s revenues for the three months ended January 31, 2026. The revenue for such customer for the three months ended January 31, 2026 was as follows: $6,429,000, with this revenue reported in the Company’s land development business segment. There were two customers that each contributed in excess of 10% of the Company’s revenues for the three months ended January 31, 2025. The revenues for such customers for the three months ended January 31, 2025 were as follows: $985,000 and $1,869,000, with this revenue reported in the Company’s land development business segment. |
| ● | There was one customer that contributed in excess of 10% of the Company’s revenues for the nine months ended January 31, 2026. The revenue for such customer for the nine months ended January 31, 2026 was as follows: $8,954,000, with this revenue reported in the Company’s land development business segment. There were two customers that each contributed in excess of 10% of the Company’s revenues for the nine months ended January 31, 2025. The revenues from such customers for the nine months ended January 31, 2025 were as follows: $6,028,000 and $6,036,000, with this revenue reported in the Company’s land development business segment. |
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