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INFORMATION ABOUT THE COMPANY’S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS (Tables)
 9 Months Ended
Jan. 31, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following tables set forth summarized data relative to the industry segments in which the Company operated for the three and nine month periods ended January 31, 2018 and 2017 (in thousands):
 
 
 
Real Estate
 
Fulfillment
Services (c)
 
Corporate
and
Other
 
Consolidated
 
Three months ended January 31, 2018 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
2,671
 
$
7,676
 
$
32
 
$
10,379
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(727)
 
$
(2,043)
 
$
(81)
 
$
(2,851)
 
Provision for income taxes
 
 
29
 
 
2,539
 
 
568
 
 
3,136
 
Interest expense (income), net
 
 
575
 
 
288
 
 
(845)
 
 
18
 
Depreciation and amortization
 
 
30
 
 
289
 
 
-
 
 
319
 
EBITDA (b)
 
$
(93)
 
$
1,073
 
$
(358)
 
 
622
 
Capital expenditures
 
$
52
 
$
49
 
$
-
 
$
101
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended January 31, 2017 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,518
 
$
8,222
 
$
37
 
$
9,777
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(425)
 
$
95
 
$
504
 
$
174
 
Provision (benefit) for income taxes
 
 
(249)
 
 
54
 
 
291
 
 
96
 
Interest expense (income), net
 
 
521
 
 
274
 
 
(773)
 
 
22
 
Depreciation and amortization
 
 
20
 
 
321
 
 
-
 
 
341
 
Impairment of real estate assets
 
 
150
 
 
-
 
 
-
 
 
150
 
EBITDA (b)
 
$
17
 
$
744
 
$
22
 
$
783
 
Capital expenditures
 
$
-
 
$
14
 
$
-
 
$
14
 
 
 
 
Real Estate
 
Fulfillment
Services (c)
 
Corporate
and
Other
 
Consolidated
 
Nine months ended January 31, 2018 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
6,894
 
$
23,910
 
$
76
 
$
30,880
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(1,124)
 
$
(443)
 
$
442
 
$
(1,125)
 
Provision (benefit) for income taxes
 
 
(175)
 
 
3,364
 
 
798
 
 
3,987
 
Interest expense (income), net
 
 
1,623
 
 
884
 
 
(2,458)
 
 
49
 
Depreciation and amortization
 
 
65
 
 
889
 
 
-
 
 
954
 
EBITDA (b)
 
$
389
 
$
4,694
 
$
(1,218)
 
$
3,865
 
Capital expenditures
 
$
52
 
$
78
 
$
-
 
$
130
 
Total assets, as of January 31, 2018
 
$
74,519
 
$
22,312
 
$
9,007
 
$
105,838
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended January 31, 2017 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
9,485
 
$
23,908
 
$
57
 
$
33,450
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(580)
 
$
21
 
$
1,475
 
$
916
 
Provision (benefit) for income taxes
 
 
(340)
 
 
16
 
 
765
 
 
441
 
Interest expense (income), net
 
 
1,742
 
 
811
 
 
(2,225)
 
 
328
 
Depreciation and amortization
 
 
64
 
 
994
 
 
-
 
 
1,058
 
Impairment of real estate assets
 
 
150
 
 
-
 
 
-
 
 
150
 
EBITDA (b)
 
$
1,036
 
$
1,842
 
$
15
 
$
2,893
 
Capital expenditures
 
$
-
 
$
63
 
$
-
 
$
63
 
Total assets, as of January 31, 2017
 
$
75,294
 
$
28,531
 
$
5,714
 
$
109,539
 
 
(a)
Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.
 
(b)
The Company uses EBITDA (which the Company defines as income (loss) before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.
 
(c)
Fulfillment services revenues and EBITDA for the nine months ending January 31, 2018 included a pre-tax gain of $1,318,000 resulting from the settlement agreement with the State of Florida (see Note 7).