OTHER ASSETS

6 Months Ended

Oct. 31, 2021

OTHER ASSETS

OTHER ASSETS

(4)          OTHER ASSETS

Other assets consist of (in thousands):

	October 31,		April 30,
	2021		2021
Prepaid expenses	$	324	$	324
Receivables		58		37
Right-of-use assets associated with leases of office facilities		129		84
Other assets		80		172
Property and equipment		1,476		222
Less accumulated depreciation		(197)		(194)
Property and equipment, net		1,279		28
	$	1,870	$	645

Prepaid expenses as of October 31, 2021 primarily consisted of stock compensation, insurance and utility deposits. Amortized lease cost for right-of-use assets associated with the leases of office facilities was $24,000 and $26,000 for the three months ended October 31, 2021 and October 31, 2020 and $36,000 and $63,000 for the six months ended October 31, 2021 and October 31, 2020. In August 2021, the Company acquired a 7,000 square foot office building in Rio Rancho, New Mexico from which its real estate business now operates. Depreciation expense associated with property and equipment was $2,000 for each of the three months ended October 31, 2021 and October 31, 2020 and $3,000 and $8,000 for the six months ended October 31, 2021 and October 31, 2020.