EARNINGS (LOSS) PER SHARE

6 Months Ended

Oct. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE B – EARNINGS (LOSS) PER SHARE

Reconciliation of the weighted average shares outstanding for basic and diluted earnings (loss) per share for the three and six months ended October 31, 2021 and 2020, respectively, were as follows:

	Periods ended October 31,
	Three months				Six months
	2021		2020		2021		2020
Weighted average shares outstanding:
Basic EPS Shares outstanding (weighted average)		9,256,255		9,169,758		9,246,240		9,154,434
Effect of Dilutive Securities		45,273		66,019		**		51,389
Diluted EPS Shares outstanding		9,301,528		9,235,777		9,246,240		9,205,823

** For the six-months ended October 31, 2021 dilutive securities are excluded from the calculation of earnings per share since the inclusion of such shares would be antidilutive due to the net loss for that period. The exercisable shares excluded for the three- and six-months ended October 31, 2021 was 198,000 and 223,000 options, respectively. The exercisable shares excluded for the three- and six-month periods ended October 31, 2020 was 303,000 and 436,000 options, respectively.