Related Party Transactions

9 Months Ended

Jan. 31, 2012

Notes to Financial Statements

Related Party Transactions

Note 5 - Related Party Transactions

The Company and its affiliates are related through common stock ownership as follows as of January 31, 2012:

	Stock of Affiliates
	Biosynergy, Inc.	F.K. Suzuki International(1)	Medlab, Inc.
F.K. Suzuki International, Inc	30.0%(2)	- %	100.0%
Fred K. Suzuki, Officer	6.8	33.0	-
Lauane C. Addis, Officer	.03(2)	-	-
Jeanne S. Addis, Trustee	-	31.1	-
James F. Schembri, Director	8.6	-	-
Mary K. Friske, Officer	.3	.7	-
Laurence C. Mead, Officer	.4(2)	4.0	-
Beverly K. Suzuki, Officer	2.7	-	-

_________________

(1) As of January 31, 2012 and April 30, 2011, $19,699 was due from F.K. Suzuki International, Inc. (FKSI). These balances result from an allocation of common expenses charged to FKSI prior to April 30, 2006 offset by advances received from time to time. No interest income is received or accrued by the Company. The financial condition of FKSI is such that it will unlikely be able to repay the Company during the next year without liquidating a portion of its assets, including a portion of its ownership in the Company. As a result, the receivable balance has been reclassified as a contra equity account since April 30, 2006.

(2) As of April 21, 2010, a number of shares of stock of the Company were escheated to the State of Illinois as a result of incorrect shareholder addresses maintained by the Company’s transfer agent. These shares were sold at auction by the State of Illinois on January 13, 2011. The escheated stock includes shares previously owned by FKSI (12,676 escheated shares), Lauane C. Addis (5,000 escheated shares) and Laurence C. Mead (1,000 escheated shares). The percentage ownership indicated in the table reflects the escheatment of such shares.