XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Year(1)
Summary
Compensation
Table Total
for Current
PEO
($)
Summary
Compensation
Table Total
for Former
PEO
($)
Compensation
Actually Paid
to Current
PEO
($)(1)
Compensation
Actually Paid
to Former
PEO
($)(1)
Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)(1)
Value of
Initial Fixed
$100
Investment
Based on:
Total
Shareholder
Return
($)(2)
Net Income
($)
2025$1,030,992 $— $1,064,807 $— $702,182 $705,939 $160.22 $12,551,000 
2024$871,000 $191,000 $961,000 $(568,000)$717,000 $807,000 $90.32 $12,512,000 
2023$410,000 $1,060,000 $266,000 $796,000 $352,000 $(92,000)$74.19 $4,516,000 
   
Named Executive Officers, Footnote Amounts represent compensation “actually paid” to our Principal Executive Officer (“PEO”) and the average compensation actually paid to our remaining Named Executive Officers for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
YearCurrent PEOFormer PEONon-PEO NEOs
2025Christopher J. Reedy Tad M. McMahon, Joe Aric Peters
2024Christopher J. ReedyClark D. StewartTad M. McMahon, Joe Aric Peters
2023Christopher J. ReedyClark D. StewartTad M. McMahon, Craig D. Stewart
   
Adjustment To PEO Compensation, Footnote
Compensation actually paid to our Named Executive Officers represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
202320242025
Adjustments
Current
PEO
Former
PEO
Average
non-
PEO
NEOs
Current
PEO
Former
PEO
Average
non-
PEO
NEOs
Current
PEO
Average
non-
PEO
NEOs
Increase/deduction for Awards Granted during Prior FYs that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End$(144,000)$(264,000)$(72,000)$60,000 $$60,000 $33,815 $3,757 
Increase/deduction for Awards Granted during Prior FYs that were Outstanding and Vested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End30,000 30,000 
Deduction of ASC 718 Fair Value of Awards Granted during Prior FYs that were Forfeited during Applicable FY, determined as of Prior FY End (3)(4)(377,000)(759,000)
TOTAL ADJUSTMENTS$(144,000)$(264,000)$(449,000)$90,000 $(759,000)$90,000 $33,815 $3,757 
(3)800,000 shares of restricted stock forfeited by Craig Stewart upon termination of employment occurring on January 20, 2023, valued at $0.93 per share (the closing price of the Company’s common stock on April 29, 2022).
(4)1,100,000 shares of restricted stock forfeited by Clark D. Stewart upon termination of employment on May 9, 2023, valued at $0.69 per share (the closing price of the Company's common stock on April 28, 2023).
   
Non-PEO NEO Average Total Compensation Amount $ 702,182 $ 717,000 $ 352,000
Non-PEO NEO Average Compensation Actually Paid Amount $ 705,939 807,000 (92,000)
Adjustment to Non-PEO NEO Compensation Footnote
Compensation actually paid to our Named Executive Officers represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
202320242025
Adjustments
Current
PEO
Former
PEO
Average
non-
PEO
NEOs
Current
PEO
Former
PEO
Average
non-
PEO
NEOs
Current
PEO
Average
non-
PEO
NEOs
Increase/deduction for Awards Granted during Prior FYs that were Outstanding and Unvested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End$(144,000)$(264,000)$(72,000)$60,000 $$60,000 $33,815 $3,757 
Increase/deduction for Awards Granted during Prior FYs that were Outstanding and Vested as of Applicable FY End, determined based on change in ASC 718 Fair Value from Prior FY End to Applicable FY End30,000 30,000 
Deduction of ASC 718 Fair Value of Awards Granted during Prior FYs that were Forfeited during Applicable FY, determined as of Prior FY End (3)(4)(377,000)(759,000)
TOTAL ADJUSTMENTS$(144,000)$(264,000)$(449,000)$90,000 $(759,000)$90,000 $33,815 $3,757 
(3)800,000 shares of restricted stock forfeited by Craig Stewart upon termination of employment occurring on January 20, 2023, valued at $0.93 per share (the closing price of the Company’s common stock on April 29, 2022).
(4)1,100,000 shares of restricted stock forfeited by Clark D. Stewart upon termination of employment on May 9, 2023, valued at $0.69 per share (the closing price of the Company's common stock on April 28, 2023).
   
Total Shareholder Return Amount $ 160.22 90.32 74.19
Net Income (Loss) $ 12,551,000 12,512,000 4,516,000
Additional 402(v) Disclosure Calculated as 100 dollars invested in the Company’s common stock on April 29, 2022 at $0.93 per share, $0.69 per share on April 28, 2023, $0.84 per share on April 30, 2024 and $1.49 per share on April 30, 2025.    
Reedy [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount $ 1,030,992 871,000 410,000
PEO Actually Paid Compensation Amount 1,064,807 961,000 266,000
Stewart [Member]      
Pay vs Performance Disclosure      
PEO Total Compensation Amount   191,000 1,060,000
PEO Actually Paid Compensation Amount   (568,000) 796,000
PEO | Reedy [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 33,815 90,000 (144,000)
PEO | Reedy [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 33,815 60,000 (144,000)
PEO | Reedy [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 30,000 0
PEO | Reedy [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Stewart [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (759,000) (264,000)
PEO | Stewart [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   0 (264,000)
PEO | Stewart [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   0 0
PEO | Stewart [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount   (759,000) 0
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,757 90,000 (449,000)
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 3,757 60,000 (72,000)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 30,000 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ (377,000)