v3.26.3
Note 9 - Property and Equipment
 3 Months Ended
Jul. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 9 - Property and Equipment:

 

Property and equipment are carried at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the remaining terms of the leases.  For income tax purposes, depreciation of furniture and equipment is computed using accelerated methods and buildings and leasehold improvements are depreciated over prescribed extended tax lives. Property and equipment, net, on the Consolidated Condensed Balance Sheets was comprised of the following:

 

   

July 31,

    

April 30,

  

($ in thousands)

  

2026

    

2026

  
                 

Building and leasehold improvements

   $ 652     $ 652  

Operating lease - right-of-use asset

     1,628       1,918  

Furniture and equipment

     2,382       2,382  
      4,662       4,952  

Accumulated depreciation and amortization

     (2,742 )     (2,713 )

Total property and equipment, net

   $ 1,920     $ 2,239