INCOME TAXES (Tables)

12 Months Ended

Apr. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax liabilities and assets as of April 30, 2025 and 2024 are as follows (in thousands):

	April 30, 2025		April 30, 2024
Deferred tax liabilities:
Depreciation and amortization	$	(106)	$	-
Deferred compensation, restricted stock	(22)		(7)
Total deferred tax liabilities	(128)		(7)
Deferred tax assets:
Depreciation and amortization	-		98
Research and development	1,401		1319
Accounts receivable allowance	22		13
Inventory and other allowances	151		97
Lease right-to-use	184		144
Compensation accruals	200		72
Inventory Capitalization	51		-
Jackpot reserves	195		183
Total deferred tax assets	2,204		1,926
Less valuation allowance	-		-
Net deferred tax asset	$	2,076	$	1,919

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of the federal statutory income tax rate to the effective tax rate is as follows:

	April 30, 2025			April 30, 2024
Statutory federal income tax rate expense	21.00		%	21.00		%
State income tax, net of federal benefits	5.62		%	5.97		%
Permanent differences	0.66		%	0.63		%
Other	(2.15		%)	(2.28		%)
	25.13		%	25.32		%
Income tax expense:
Deferred income tax (benefit)	$	(157)		$	(446)
Current income tax	4,324			4,690
Total income tax expense	$	4,167		$	4,244