| Schedule of data for the industry segments in which the Company operated |
Three months ended January 31, 2026. The following table sets forth summarized data for the reportable segments in which the Company operated for the three months ended January 31, 2026 (in thousands): | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | Land | | | | | January 31, 2026 | | Development | | Homebuilding | | Consolidated | Revenues | | $ | 10,040 | | $ | 4,533 | | $ | 14,573 | Cost of Revenues | | | 5,270 | | | 3,366 | | | 8,636 | General and administrative expenses | | | 1,922 | | | 544 | | | 2,466 | Segment profit | | | 2,848 | | | 623 | | | 3,471 | Interest income, net | | | | | | | | | 393 | Unallocated amounts: | | | | | | | | | | Other corporate general and administrative expenses | | | | | | | | | (464) | Income before income taxes | | | | | | | | $ | 3,400 | Depreciation and amortization | | $ | 83 | | $ | 8 | | | | Capital expenditures | | $ | — | | $ | 18 | | | |
Three months ended January 31, 2025. The following table sets forth summarized data for the reportable segments in which the Company operated for the three months ended January 31, 2025 (in thousands): | | | | | | | | | | For the Three Months Ended | | Land | | | | | | | January 31, 2025 | | Development | | Homebuilding | | Consolidated | Revenues | | $ | 4,248 | | $ | 3,272 | | $ | 7,520 | Cost of Revenues | | | 2,734 | | | 2,479 | | | 5,213 | General and administrative expenses | | | 989 | | | 467 | | | 1,456 | Segment profit | | | 525 | | | 326 | | | 851 | Interest income, net | | | | | | | | | 410 | Unallocated amounts: | | | | | | | | | | Other corporate general and administrative expenses | | | | | | | | | (419) | Income before income taxes | | | | | | | | $ | 842 | Depreciation and amortization | | $ | 54 | | $ | 3 | | | | Capital expenditures | | $ | 24 | | $ | 2 | | | |
Nine months ended January 31, 2026. The following table sets forth summarized data for the reportable segments in which the Company operated for the nine months ended January 31, 2026 (in thousands): | | | | | | | | | | For the Nine Months Ended | | Land | | | | | | | January 31, 2026 | | Development | | Homebuilding | | Consolidated | Revenues | | $ | 22,681 | | $ | 19,142 | | $ | 41,823 | Cost of Revenues | | | 10,723 | | | 14,095 | | | 24,818 | General and administrative expenses | | | 3,952 | | | 1,471 | | | 5,423 | Segment profit | | | 8,006 | | | 3,576 | | | 11,582 | Interest income, net | | | | | | | | | 1,308 | Unallocated amounts: | | | | | | | | | | Other corporate general and administrative expenses | | | | | | | | | (1,310) | Income before income taxes | | | | | | | | $ | 11,580 | Depreciation and amortization | | $ | 229 | | $ | 21 | | | | Capital expenditures | | $ | — | | $ | 98 | | | | Segment assets as of January 31, 2026 | | $ | 120,418 | | $ | 22,586 | | | |
Nine months ended January 31, 2025. The following table sets forth summarized data for the reportable segments in which the Company operated for the nine months ended January 31, 2025 (in thousands): | | | | | | | | | | For the Nine Months Ended | | Land | | | | | | | January 31, 2025 | | Development | | Homebuilding | | Consolidated | Revenues | | $ | 23,324 | | $ | 15,187 | | $ | 38,511 | Cost of Revenues | | | 13,669 | | | 10,948 | | | 24,617 | General and administrative expenses | | | 2,884 | | | 1,274 | | | 4,158 | Segment profit | | | 6,771 | | | 2,965 | | | 9,736 | Interest income, net | | | | | | | | | 1,267 | Unallocated amounts: | | | | | | | | | | Other corporate general and administrative expenses | | | | | | | | | (1,168) | Income before income taxes | | | | | | | | $ | 9,835 | Depreciation and amortization | | $ | 145 | | $ | 8 | | | | Capital expenditures | | $ | 134 | | $ | 12 | | | | Segment assets as of January 31, 2025 | | $ | 102,219 | | $ | 18,514 | | | |
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