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Investments (Tables)
6 Months Ended
Oct. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments

As of October 31, 2022 and April 30, 2022, investments consisted of the following:

 

       Gross   Gross     
Investments at  Cost   Unrealized   Unrealized   Fair 
October 31, 2022  Basis   Gains   Losses   Value 
Municipal bonds  $5,515,000   $35,000   $(397,000)  $5,153,000 
REITs   93,000        (15,000)   78,000 
Equity securities   18,107,000    6,178,000    (900,000)   23,385,000 
Money markets and CDs   992,000            992,000 
Total  $24,707,000   $6,213,000   $(1,312,000)  $29,608,000 

 

       Gross   Gross     
Investments at  Cost   Unrealized   Unrealized   Fair 
April 30, 2022  Basis   Gains   Losses   Value 
Municipal bonds  $5,625,000   $41,000   $(229,000)  $5,437,000 
REITs   131,000    16,000    (3,000)   144,000 
Equity securities   18,322,000    6,921,000    (473,000)   24,770,000 
Money markets and CDs   628,000            628,000 
Total  $24,706,000   $6,978,000   $(705,000)  $30,979,000 
Schedule of Unrealized Loss Breakdown by Investment

Unrealized Loss Breakdown by Investment Type at October 31, 2022

 

                               
   Less than 12 months   12 months or greater   Total 
Description  Fair Value   Unrealized Loss   Fair Value   Unrealized Loss   Fair Value   Unrealized Loss 
Municipal bonds  $4,423,000   $(305,000)  $458,000   $(92,000)  $4,881,000   $(397,000)
REITs   53,000    (12,000)   25,000    (3,000)   78,000    (15,000)
Equity securities   5,383,000    (813,000)   345,000    (87,000)   5,728,000    (900,000)
Total  $9,859,000   $(1,130,000)  $828,000   $(182,000)  $10,687,000   $(1,312,000)

 

Unrealized Loss Breakdown by Investment Type at April 30, 2022

 

                               
   Less than 12 months   12 months or greater   Total 
Description  Fair Value   Unrealized Loss   Fair Value   Unrealized Loss   Fair Value   Unrealized Loss 
Municipal bonds  $4,420,000   $(142,000)  $539,000   $(87,000)  $4,959,000   $(229,000)
REITs   18,000    (1,000)   26,000    (2,000)   44,000    (3,000)
Equity securities   4,157,000    (424,000)   274,000    (49,000)   4,431,000    (473,000)
Total  $8,595,000   $(567,000)  $839,000   $(138,000)  $9,434,000   $(705,000)