As of July 1, 2020, the Company employed 15 full-time employees and 1 part-time employee. As of July 1, 2020, all of such lots were under development. & & The property is expected to be developed into 50 residential lots. The Company did not record any revenue in 2020 related to the lease. No drilling has commenced with respect to this property. & No royalties with respect to the pooled property were received during 2019. & TC and CBH are subsidiaries of the Company. The term of each lease agreement was originally 10 years. In connection with the First Settlement Agreement, PCD paid Seller $625,000. From 2014 to July 2016, Ms. Uleau was Financial Manager of Cushman and Wakefield. On July 3, 2020, there were 380 holders of record of the common stock. & No assurance is given that there will be any such future dividends declared. & The Company has no foreign sales. Interest income, net was $334,000 for 2020 compared to $52,000 for 2019. There were no such charges in 2019. & middot;SBA Paycheck Protection Program. The loan is evidenced by a note and is unsecured. & Any prepayment shall be credited toward the next payment due under the Promissory Note. & In June 2020, LF entered into a Development Loan Agreement with BOKF. Accordingly, we express no such opinion. & The allocation of costs is based on the relative sales value of the property. The Company accounts for its real estate inventory in accordance with ASC 360-10. Actual results could differ from these estimates. & ASU 2018-07 was effective for the Company on May 1, 2019. 35& & & ·Hawk Site Subdivision. oMaturity Date: The loan is scheduled to mature on January 10, 2027. & & The total book value of the LFV Mortgaged Property was $2,487,000 as of April 30, 2020. The Company capitalized interest related to this loan of $7,000 in 2020. & & Refer to Note 17 for additional financing facilities entered into after April 30, 2020. & HDC made principal repayments of $1,593,000 during 2020 and $390,000 during 2019. For the year ended April 30, 2020, the total operating lease expense was $113,000. c)& & & & & & & & & & & & & & & & & & & Financial Statement Schedules. 101.PRE & XBRL Taxonomy Extension Presentation Linkbase. & & ( On April 26, 2019, the Company’s fulfillment services business was sold.
