v3.25.3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2025	Oct. 31, 2024	Oct. 31, 2025	Oct. 31, 2024
REVENUES:
Total revenues	$ 9,398	$ 11,906	$ 27,250	$ 30,997
COSTS AND EXPENSES:
General and administrative expenses	1,956	1,825	3,804	3,456
Total costs and expenses	8,279	8,762	19,985	22,861
Operating income	1,119	3,144	7,265	8,136
Interest income, net	459	576	915	857
Income before income taxes	1,578	3,720	8,180	8,993
Benefit (provision) for income taxes	(378)	322	(2,288)	(887)
Net income	$ 1,200	$ 4,042	$ 5,892	$ 8,106
Earnings per share - basic (in dollars per share)	$ 0.22	$ 0.76	$ 1.11	$ 1.53
Earnings per share - diluted (in dollars per share)	$ 0.22	$ 0.75	$ 1.09	$ 1.51
Weighted average number of common shares outstanding - basic (in shares)	5,338	5,320	5,332	5,314
Weighted average number of common shares outstanding - diluted (in shares)	5,392	5,374	5,385	5,367
Land sale
REVENUES:
Total revenues	$ 825	$ 5,857	$ 8,319	$ 15,206
COSTS AND EXPENSES:
Cost of revenues	168	2,326	2,521	7,235
Home sale
REVENUES:
Total revenues	7,725	5,334	17,296	14,326
COSTS AND EXPENSES:
Cost of revenues	5,831	4,277	13,012	11,522
Other
REVENUES:
Total revenues	848	715	1,635	1,465
COSTS AND EXPENSES:
Cost of revenues	$ 324	$ 334	$ 648	$ 648

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

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