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3. COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of operating leases

 

 

Lease

#

Original Lease

Execution Date

# of Buildings Occupied

Initial

Lease Term

Expiration Date

# of Options

to Extend

Lease

Extended
Lease Term
Expiration Date(1)
1 December 1998 2 12/31/27 2 12/31/37
2 July 2014 1 1/31/27 2 1/31/37
3 April 2016 1 8/31/23 2 8/31/35
4 April 2016 1 8/31/23 2 8/31/35

______________

(1)Extended lease term expiration date assumes we execute all available option(s) to extend lease in accordance with the terms of the lease agreement.

 

Future minimum lease payments under all non-cancelable operating leases
Year ending April 30,:   Minimum Lease Payments  
2019   $ 3,006,000  
2020     3,036,000  
2021     3,116,000  
2022     2,789,000  
2023     2,730,000  
Thereafter     8,632,000  
    $ 23,309,000