Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2025	Apr. 30, 2025
Current assets:
Cash and cash equivalents	$ 2,992	$ 4,720
Accounts receivable, net of allowances of $102 at October 31, 2025 and $110 at April 30, 2025	6,069	5,914
Contract assets	15,501	17,914
Inventories	24,682	23,487
Prepaid income taxes	226	0
Prepaid expenses and other	1,449	1,071
Total current assets	50,919	53,106
Property, plant, and equipment, net	6,601	6,188
Deferred taxes	12,153	12,045
Goodwill	617	617
Cash surrender value of life insurance and assets held in trust	11,404	10,882
Right-of-use assets – operating leases	8,302	8,659
Restricted cash	1,384	1,365
Other assets	875	875
Total assets	92,255	93,737
Current liabilities:
Accounts payable – trade	1,420	1,359
Accrued liabilities	5,022	5,899
Loss provision accrual	46	460
Income taxes payable	0	103
Operating lease liability - current portion	2,083	2,027
Contract liabilities	11,095	13,607
Total current liabilities	19,666	23,455
Deferred compensation	7,819	7,933
Operating lease liability – non-current portion	6,315	6,729
Total liabilities	33,800	38,117
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, 9,818 shares issued and 9,773 shares outstanding at October 31, 2025; 9,717 shares issued and 9,704 shares outstanding at April 30, 2025	9,818	9,717
Additional paid-in capital	43,732	42,475
Retained earnings	6,094	3,659
Common stock reacquired and held in treasury - at cost (45 shares at October 31, 2025 and 13 shares at April 30, 2025)	(1,189)	(231)
Total stockholders’ equity	58,455	55,620
Total liabilities and stockholders’ equity	$ 92,255	$ 93,737