Leases (Tables)

9 Months Ended

Jan. 31, 2021

Leases [Abstract]

Schedule of Right-of-Use Assets and Operating Lease Liabilities

ROU assets is summarized below:

	January 31, 2021
Operating office leases	$	16,659,886
Less accumulated reduction	(5,545,120)
Total ROU assets	$	11,114,766

Operating lease obligations, related to the ROU assets is summarized below:

	January 31, 2021
Operating office leases	$	17,673,056
Total lease liabilities	17,673,056
Reduction of lease liabilities	(5,602,554)
Total operating lease obligations	$	12,070,502

Future Minimum Payments Under Operating Leases

The following is a schedule by fiscal years of future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of January 31, 2021 (a).

Maturity of Lease Obligations	Lease Payments
2021 (remaining)	$	801,080
2022	3,484,232
2023	2,867,030
2024	2,666,619
2025	2,371,491
2026 and beyond	9,286,125
Total future minimum lease payments	21,476,577
Less imputed interest	(9,406,075)
Present value of operating lease obligations	$	12,070,502

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(a) Lease payments exclude legally binding minimum lease payments for campus leases signed but not yet commenced for the following locations: $5.2 million remaining in Tampa, Florida and $3.9 million in Phoenix, Arizona.

Schedule of Balance Sheet Information Related to Leases

Balance Sheet Classification
Operating lease obligations, current	$	2,102,209
Operating lease obligations, long-term	9,968,293
Total operating lease obligations	$	12,070,502

Schedule of Other Information Related to Leases

Other Information
Weighted average remaining lease term (in years)	7.24
Weighted average discount rate	12.00	%