Leases (Tables)
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6 Months Ended |
Oct. 31, 2022 |
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| Leases [Abstract] |
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| Schedule of Right-of-Use Assets and Operating Lease Liabilities |
ROU assets are summarized below:
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October 31, 2022 |
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April 30, 2022 |
| ROU assets - Operating facility leases |
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$ |
18,527,970 |
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$ |
15,958,721 |
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| Less: accumulated amortization |
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(4,256,489) |
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(3,312,771) |
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| Total ROU assets |
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$ |
14,271,481 |
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|
$ |
12,645,950 |
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Operating lease obligations, related to the ROU assets are summarized below:
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October 31, 2022 |
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April 30, 2022 |
| Total lease liabilities |
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$ |
25,544,191 |
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$ |
22,517,355 |
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| Reduction of lease liabilities |
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(4,884,300) |
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(3,671,466) |
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| Total operating lease obligations |
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$ |
20,659,891 |
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$ |
18,845,889 |
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| Future Minimum Payments Under Operating Leases |
The following is a schedule by future minimum lease payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year as of October 31, 2022 (by fiscal year).
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| Maturity of Lease Obligations |
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Lease Payments |
| 2023 (remaining) |
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$ |
2,219,203 |
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| 2024 |
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4,739,252 |
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| 2025 |
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4,547,151 |
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| 2026 |
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4,677,145 |
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| 2027 |
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4,782,909 |
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| Thereafter |
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9,727,292 |
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| Total future minimum lease payments |
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30,692,952 |
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| Less: imputed interest |
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(10,033,061) |
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| Present value of operating lease liabilities |
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$ |
20,659,891 |
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| Schedule of Balance Sheet Information Related to Leases |
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| Balance Sheet Classification |
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October 31, 2022 |
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April 30, 2022 |
| Operating lease obligations, current portion |
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$ |
2,204,342 |
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$ |
2,036,570 |
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| Operating lease obligations, less current portion |
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18,455,549 |
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|
16,809,319 |
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| Total operating lease obligations |
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$ |
20,659,891 |
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$ |
18,845,889 |
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| Schedule of Other Information Related to Leases |
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| Other Information |
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October 31, 2022 |
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April 30, 2022 |
| Weighted average remaining lease term (in years) |
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6.45 |
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6.81 |
| Weighted average discount rate |
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12 |
% |
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12 |
% |
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