REVENUES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Apr. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||
| REVENUES | |||||||||||||||||||||||||||||||||||||||||||
| 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):
Landscaping revenues consist of landscaping services provided by the Company primarily to homebuilders. Miscellaneous other revenues for 2026 primarily consist of management fees for homeowners’ associations, residential rental revenues and billboard advertising revenues. Miscellaneous other revenues for 2025 primarily consist of extension fees for purchase contracts, management fees for homeowners’ associations and residential rental revenues. Major customers. A majority of land sale revenues were received from three customers during 2026 and three customers during 2025. Other than receivables for immaterial amounts (if any), there were no outstanding receivables from these customers as of April 30, 2026 or April 30, 2025. There was one customer that contributed in excess of 10% of the Company’s revenues for 2026. The revenues from such customer for 2026 were 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 2025. The revenues from each such customer for 2025 were as follows: $11,809,000 and $6,028,000, with each of these revenues reported in the Company’s land development business segment. |
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