OTHER ASSETS

9 Months Ended

Jan. 31, 2023

OTHER ASSETS

OTHER ASSETS

(4)          OTHER ASSETS

Other assets consist of (in thousands):

	January 31,		April 30,
	2023		2022
Prepaid expenses	$	1,285	$	366
Miscellaneous assets		302		249
Property		1,250		1,247
Equipment		361		240
Less accumulated depreciation		(254)		(220)
Property and equipment, net		1,357		1,267
	$	2,944	$	1,882

Prepaid expenses as of January 31, 2023 primarily consist of a land development cash collateralized performance guaranty, stock compensation, insurance and real estate taxes. Prepaid expenses as of April 30, 2022 primarily consist of insurance, stock compensation, real estate taxes and utility deposits. Amortized lease cost for right-of-use assets associated with the leases of office facilities was $6,000 and $8,000 for the three months ended January 31, 2023 and January 31, 2022 and $18,000 and $46,000 for the nine months ended January 31, 2023 and January 31, 2022. Depreciation expense associated with property and equipment was $12,000 and $14,000 for the three months ended January 31, 2023 and January 31, 2022 and $33,000 and $17,000 for the nine months ended January 31, 2023 and January 31, 2022.