Note 16 - Subsequent Events

12 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Subsequent Events [Text Block]

16. SUBSEQUENT EVENTS:

In June 2022, board member John M. Edgar was awarded 400,000 shares of Butler National Corporation stock as an "other stock-based award" pursuant to the Corporation's 2016 Equity Incentive Plan and $140,000 in cash compensation. The award is for future Board of Directors work related to future financing and public relations. The award is to be paid three business days after the filing of this 10-K.

The Company evaluated its April 30, 2022 consolidated financial statements for subsequent events through July 15, 2022, the filing date of this report. The Company is not aware of any other subsequent events that would require recognition or disclosure in the consolidated financial statements.