v3.25.4
COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Jan. 31, 2026
COMMITMENTS AND CONTINGENCIES.  
COMMITMENTS AND CONTINGENCIES

(11)COMMITMENTS AND CONTINGENCIES

Refer to Note 13 to the consolidated financial statements contained in the 2025 Form 10-K for detail regarding the Company’s warranty reserves, security for performance obligations and litigation.

Warranty Reserves. Changes in warranty reserves were as follows (in thousands):

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Three Months Ended

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Nine Months Ended

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January 31, 

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January 31, 

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2026

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2025

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2026

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2025

Balance at beginning of period

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$

340

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$

234

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$

259

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$

175

Warranty issued during period

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20

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22

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110

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91

Change in pre-existing reserves

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—

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—

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—

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—

Warranty expenditures during period

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(4)

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(7)

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(13)

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(17)

Balance at end of period

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$

356

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$

249

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$

356

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$

249

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Security for Performance Obligations. As of January 31, 2026, the Company had loan reserves outstanding under its Revolving Line of Credit in the aggregate principal amount of $1,812,000 in favor of a municipality guarantying the completion of improvements in a subdivision being constructed by the Company.

Litigation. The Company has not accrued any amounts related to litigation matters as of January 31, 2026.

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