DEBT (Tables)

12 Months Ended

Apr. 30, 2014

Principal amounts of debt at April 30, 2014 and 2013, consist of the following (in thousands):

Promissory Notes	2014		2013

Bank line of credit, available LOC $1,000 interest at prime plus 2% (7.0% at April 30, 2014 - with a floor of 7%) due August 2014, collateralized by a first or second position on all assets of the Company.	$	908	$	964

Bank line of credit, available LOC $2,500 interest at 6% due April 2015, collateralized by a first or second position on all assets of the Company.		699		413

Bank line of credit, available LOC $500 interest at 3.5% due June 2015, collateralized by real estate.		150		-
	$	1,757	$	1,377
Long-Term Debt
Note payable, interest at 6% due February 2016 collateralized by Aircraft Security Agreements.	$	671	$	1,008

Note payable, interest at 6% due April 2017 collateralized by Aircraft Security Agreements.		232		301

Note payable, interest at prime plus 3%, with a floor of 6.25% due September 2017 collateralized by Aircraft Security Agreements.		342		428

Note payable, interest at bank prime (3.36% at April 30, 2014) due August 2019, collateralized by real estate.		312		368

Note payable, interest at bank prime (3.36% at April 30, 2014) due March 2019, collateralized by real estate.		323		373

Note payable, interest at bank prime (2.65% at April 30, 2014) due March 2019, collateralized by real estate.		788		949

Note payable, interest at 6.25% at April 30, 2014, due June 14, 2015, collateralized by real estate.		320		333

Note payable, interest at prime plus 2%, paid off in January 2014.		-		202

Notes payable, interest Libor rate plus 9.715%, paid off in September 2013.		-		219

Obligation of BHCMC, LLC to its noncontrolling owner due October 2017 with interest at 12.0%.		1,900		2,312

Obligation of BHCMC, LLC to its noncontrolling owner due December 2016 with interest at 15.0%.		4,634		5,949

Obligations of BHCMC, LLC due August 2014 and May 2015 with interest rates between 3.5% and 8.%.		1,126		2,127

Other notes payable, due April 2016 with interest at 5.8%.		80		137

		10,728		14,706
Less: Current maturities		3,908		4,551
	$	6,820	$	10,155

Maturities of long-term debt and capital lease obligations

Maturities of long-term debt are as follows:

Year Ending April 30	Amount
2015	$	3,908
2016		3,461
2017		2,424
2018		665
2019		270
Thereafter		-
	$	10,728