RELATED-PARTY TRANSACTIONS

12 Months Ended

Apr. 30, 2014

RELATED-PARTY TRANSACTIONS [Abstract]

RELATED-PARTY TRANSACTIONS

8.RELATED-PARTY TRANSACTIONS:

In the normal course of business we purchased business system components of $50,  $47, and $112 from ISG, the employer of Bradley Hoffman, a director of Butler National Corporation during fiscal 2014, 2013and 2012 respectively.

We paid consulting fees of $135, $135, and $135 to David Hayden, a director of Butler National Corporation in fiscal year ended April 30, 2014, 2013, and 2012, respectively.

Included in accrued liabilities are $119 and $33 as of April 30, 2014, and 2013 respectively for amounts owed to our CEO for accrued compensation.

Included in accounts receivable at April 30, 2014 and 2013 is $780 owed to us by the noncontrolling company of BHCMC, LLC for costs incurred on their behalf.

In fiscal 2013, there were three related-person transactions under the relevant standards: Butler National employed the brother (Wayne Stewart), son (Craig Stewart) and son-in-law (Jeff Shinkle) of Clark D. Stewart, an executive officer, as an engineer, Vice President and Chief Financial Officer, and an architect. Compensation for these related-persons was calculated in the same manner as the Summary Compensation table resulting in compensation of $204, $256 and $171, respectively, for fiscal 2014, $209, $264, and $173, respectively, for fiscal 2013, and $199, $270, and $165 respectively, for fiscal 2012.

The policies and procedures for payment of goods and services for related transactions follow our normal course of business standards and require the necessary review and approval process as outlined in our Policies and Procedures manual and as set forth by our Compensation Committee.