CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Oct. 31, 2017	Apr. 30, 2017
Developed properties and property under construction	$ 249,179,679	$ 236,865,867
Equipment and tenant improvements	4,228,864	3,689,442
Real estate investment property, Accumulated depreciation and amortization	50,033,909	47,449,316
Cash and cash equivalents, at Carrying Value	6,251,630	6,250,757
Restricted Cash and cash equivalents	502,966	526,012
Marketable securities	1,101,110	1,538,839
Accounts and notes receivable, net	4,213,854	3,505,541
Deposits and escrow accounts	15,521,623	15,930,999
Prepaid expenses	2,036,734	1,644,320
Deferred expenses	4,778,448	5,712,547
Mortgages payable	194,101,073	195,763,409
Notes payable	1,704,697	1,704,697
Deferred debt issuance costs	(3,132,999)	(3,067,098)
Accounts payable	3,917,170	2,915,400
Accrued liabilities	6,365,320	5,699,875
Deferred income	783,522	622,461
Due to related parties and affiliates	$ 607,898	$ 598,843
Preferred Stock par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, cumulative and convertible par value (in dollars per share)	$ 0.50	$ .50
Preferred Stock, shares authorized (in shares)	4,000,000	4,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common Stock, shares authorized (in shares)	6,000,000	6,000,000
Common Stock, shares issued (in shares)	3,211,843	3,236,843
Common Stock, shares outstanding (in shares)	2,315,799	2,340,799
Treasury stock, at cost, shares (in shares)	896,044	896,044
Variable Interest Entity, Primary Beneficiary [Member]
Developed properties and property under construction	$ 78,449,284	$ 77,898,958
Equipment and tenant improvements	2,476,369	2,424,964
Real estate investment property, Accumulated depreciation and amortization	16,975,034	15,918,495
Cash and cash equivalents, at Carrying Value	2,126,408	2,063,103
Restricted Cash and cash equivalents	396,960	396,361
Marketable securities	1,101,110	1,538,839
Accounts and notes receivable, net	172,514	66,543
Allowance for doubtful accounts	35,585	135,002
Deposits and escrow accounts	8,547,937	8,866,586
Prepaid expenses	406,542	327,481
Deferred expenses	158,842	167,273
Mortgages payable	64,104,094	64,598,997
Notes payable	1,704,697	1,704,697
Deferred debt issuance costs	(1,542,087)	(1,575,494)
Accounts payable	649,811	569,600
Accrued liabilities	3,350,107	3,382,307
Deferred income	224,616	227,936
Due to related parties and affiliates	$ 456,045	$ 446,990
Preferred Stock par value (in dollars per share)	$ 1.00	$ 1.00
Preferred stock, cumulative and convertible par value (in dollars per share)	$ 0.50	$ 0.50
Preferred Stock, shares authorized (in shares)	4,000,000	4,000,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock, shares outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$ 1.00	$ 1.00
Common Stock, shares authorized (in shares)	6,000,000	6,000,000
Common Stock, shares issued (in shares)	3,211,843	3,236,843
Common Stock, shares outstanding (in shares)	2,315,799	2,340,799
Treasury stock, at cost, shares (in shares)	896,044	896,044

FIRST HARTFORD CORP 10-Q