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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2020
Jul. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 593 $ (196)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation 129 127
Amortization of debt issuance costs 3 65
Non-cash credits and charges:    
Interest earned on deferred purchase price 0 (64)
Stock-based compensation 40 48
Deferred income tax provision (benefit) 187 (134)
Net periodic pension cost 87 186
Deferred Rent 0 (24)
Changes in assets and liabilities:    
Real estate inventory and investment assets (4,050) 2,255
Other assets (29) (104)
Accounts payable and accrued expenses 980 45
Total adjustments (2,653) 2,400
Net cash (used in) provided by operating activities (2,060) 2,204
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3) (1)
Net cash used in investing activities (3) (1)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 2,293 29
Principal debt payments (637) (572)
Payments for debt issuance costs (27) 0
Net cash provided by (used in) financing activities 1,629 (543)
(Decrease) increase in cash, cash equivalents and restricted cash (434) 1,660
Cash, cash equivalents and restricted cash, beginning of period 17,502 14,236
Cash, cash equivalents and restricted cash, end of period 17,068 15,896
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 30 53
Right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 198