XML 61 R47.htm IDEA: XBRL DOCUMENT v3.23.2
NOTES PAYABLE - Additional information (Details)
1 Months Ended 12 Months Ended
May 31, 2021
USD ($)
Jun. 30, 2020
USD ($)
a
item
Apr. 30, 2023
USD ($)
Apr. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
a
Feb. 28, 2021
USD ($)
a
NOTES PAYABLE            
Outstanding principal amount     $ 44,000 $ 2,030,000    
Outstanding principal amount     44,000      
Capitalized Interest and Fees     57,000 193,000    
Line of Credit Facility, Maximum Borrowing Capacity     4,177,000      
Related Party [Member] | Lavender Fields, LLC ("LF")            
NOTES PAYABLE            
Number of acres | a   28        
Number of residential lots | item   82        
Revolving Line of Credit            
NOTES PAYABLE            
Outstanding principal amount     $ 0 0    
Interest Rate     8.03%      
Principal repayments     $ 250,000      
Outstanding principal amount     1,323,000      
Line of Credit Facility, Maximum Borrowing Capacity     4,177,000      
Revolving Line of Credit | Loan Agreement            
NOTES PAYABLE            
Number of acres | a           298
Amount lending           $ 5,750,000
Maximum amount for use with credit card           $ 250,000
Unrestricted cash and cash equivalents     3,000,000.0      
Minimum Net Worth Required for Compliance     $ 32,000,000      
Revolving Line of Credit | Loan Agreement | London Interbank Offered Rate            
NOTES PAYABLE            
Interest rate period     1 month      
Line of credit facility, interest rate during period     3.15%      
Non-Revolving Line of Credit Promissory Note            
NOTES PAYABLE            
Number of acres | a         15  
Line of Credit Facility, Maximum Borrowing Capacity         $ 7,375,000  
Non-Revolving Line of Credit Promissory Note | London Interbank Offered Rate            
NOTES PAYABLE            
Spread on interest rate     3.00%      
Non-Revolving Line of Credit Promissory Note | Minimum            
NOTES PAYABLE            
Line of credit facility, interest rate during period     3.75%      
La Mirada            
NOTES PAYABLE            
Amount lending     $ 2,364,000      
Outstanding principal amount     $ 0 2,030,000    
Interest Rate     8.03%      
Principal payment per lot to be made to release the lien of mortgage depending on the size of the lot 2     $ 60,600      
Minimum tangible net worth to be maintained by guarantor     32,000,000      
Capitalized Interest and Fees     $ 57,000 193,000    
La Mirada | London Interbank Offered Rate            
NOTES PAYABLE            
Interest rate period     30 days      
Equipment Financing            
NOTES PAYABLE            
Outstanding principal amount     $ 44,000 $ 0    
Interest Rate     2.35%      
Acquisition Financing | Related Party [Member] | Lavender Fields, LLC ("LF")            
NOTES PAYABLE            
Deferred purchase price payable $ 45,000          
Deferred purchase price paid $ 1,704,000 $ 1,838,000        
Acquisition Financing | Related Party [Member] | On or before June 2021 | Lavender Fields, LLC ("LF")            
NOTES PAYABLE            
Capitalized Interest and Fees   919,000        
Acquisition Financing | Related Party [Member] | On or before June 2022 | Lavender Fields, LLC ("LF")            
NOTES PAYABLE            
Capitalized Interest and Fees   $ 919,000        
Nonrevolving Line Of Credit            
NOTES PAYABLE            
Outstanding principal amount     $ 50,000,000