Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2025	Apr. 30, 2024
Current assets:
Cash and cash equivalents	$ 5,516	$ 18,320
Accounts receivable, net of allowances of $110 at January 31, 2025 and April 30, 2024	3,872	4,614
Contract assets	14,009	10,523
Inventories	25,412	23,431
Prepaid income taxes	46	37
Prepaid expenses and other	1,293	1,196
Total current assets	50,148	58,121
Property, plant, and equipment, net	6,144	6,438
Goodwill	617	617
Cash surrender value of life insurance	10,526	10,221
Deferred taxes	11,836	0
Right-of-use assets – operating leases	4,926	6,036
Restricted cash	1,355	945
Other assets	875	875
Total assets	86,427	83,253
Current liabilities:
Accounts payable	1,217	2,348
Accrued liabilities	5,011	4,765
Loss provision accrual	207	404
Operating lease liability - current portion	1,209	1,640
Contract liabilities	15,218	21,639
Total current liabilities	22,862	30,796
Deferred compensation	7,943	8,088
Deferred taxes	0	8
Operating lease liability – non-current portion	3,787	4,545
Total liabilities	34,592	43,437
Stockholders’ equity:
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued	0	0
Common stock - $1.00 par value; authorized 20,000 shares, 9,697 shares issued and 9,675 shares outstanding at January 31, 2025; 9,512 shares issued and 9,511 shares outstanding at April 30, 2024	9,697	9,512
Additional paid-in capital	42,026	50,334
Retained earnings (accumulated deficit)	462	(20,027)
Common stock reacquired and held in treasury - at cost (22 shares at January 31, 2025 and 1 share at April 30, 2024)	(350)	(3)
Total stockholders’ equity	51,835	39,816
Total liabilities and stockholders’ equity	$ 86,427	$ 83,253