OTHER ASSETS

3 Months Ended

Jul. 31, 2026

(4)OTHER ASSETS

Other assets consist of (in thousands):


		July 31,			April 30,
		2026			2026
Prepaid expenses		$	1,222		$	1,166
Miscellaneous assets			514			381
Property			2,165			2,160
Equipment			569			569
Less accumulated depreciation of property and equipment			(622)			(585)
Property and equipment, net			2,112			2,144
Total		$	3,848		$	3,691

Prepaid expenses as of July 31, 2026 and April 30, 2026 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 $6,000 and $7,000 for the three months ended July 31, 2026 and July 31, 2025. Depreciation expense associated with property and equipment was $37,000 and $39,000 for the three months ended July 31, 2026 and July 31, 2025.