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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
Jan. 31, 2012
Apr. 30, 2011
CURRENT ASSETS:    
Cash $ 6,425,262 $ 8,475,525
Accounts receivable (net of allowance for doubtful accounts of $73,886 at January 31, 2012 and $146,502 at April 30, 2011) 3,999,797 2,127,865
Inventories (net of obsolete of $1,075,437 at January 31, 2012 and $1,792,681 at April 30, 2011)    
Raw materials 5,559,777 5,202,476
Work in process 1,055,738 1,088,235
Finished goods 702,779 723,972
Total Inventory 7,318,294 7,014,683
Prepaid expenses and other current assets 755,346 964,117
Total current assets 18,498,699 18,582,190
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 3,995,632 3,142,486
Aircraft 6,131,859 5,951,859
Machinery and equipment 3,687,588 3,497,763
Office furniture and fixtures 1,031,132 1,024,612
Leasehold improvements 31,389 31,389
Property, plant and equipment, gross 14,877,600 13,648,109
Accumulated depreciation (6,104,930) (4,769,307)
Property, plant and equipment, net 8,772,670 8,878,802
SUPPLEMENTAL TYPE CERTIFICATES (net of amortization of $2,518,252 at January 31, 2012 and $2,464,183 at April 30, 2011) 1,642,133 1,696,202
OTHER ASSETS:    
Deferred tax asset 1,226,000 1,226,000
Other assets (net of accumulated amortization of $451,287 at January 31, 2012 and $292,465 at April 30, 2011) 9,298,840 1,774,500
Total other assets 10,524,840 3,000,500
Total Assets 39,438,342 32,157,694
CURRENT LIABILITIES:    
Line of Credit 616,707 91,799
Current maturities of long-term debt and capital lease obligations 2,375,057 1,807,490
Accounts payable 1,517,649 2,093,992
Customer deposits 576,850 1,091,043
Gaming facility mandated payment 1,073,326 2,028,015
Compensation and compensated absences 1,130,412 1,605,283
Accrued income tax 54,878 252,623
Other 286,136 221,584
Total current liabilities 7,631,015 9,191,829
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, NET OF CURRENT MATURITIES: 10,832,307 4,940,402
Total liabilities 18,463,322 14,132,231
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01:Authorized 100,000,000 shares issued and outstanding 57,194,262 shares at January 31, 2012 and April 30, 2011 571,943 571,943
Common stock, owed but not issued 278,573 shares at January 31, 2012 and at April 30, 2011 2,786 2,786
Capital contributed in excess of par 12,263,878 11,911,838
Treasury stock at cost, 600,000 shares (732,000) (732,000)
Retained Earnings 7,405,953 6,271,292
Total stockholders' equity Butler National Corporation 19,512,560 18,025,859
Non-controlling Interest in BHCMC, LLC 1,462,460 (396)
Total stockholders' equity 20,975,020 18,025,463
Total Liabilities and Stockholders' Equity $ 39,438,342 $ 32,157,694