Related Party Transactions

9 Months Ended

Jan. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

The Company and its affiliates are related through common stock ownership as follows as of January 31, 2014:

	Stock of Affiliates
		Biosynergy, Inc.		F.K. Suzuki International, Inc.		Medlab, Inc.
F.K. Suzuki International, Inc		30.0	%	- %		100.0	%
Fred K. Suzuki, Officer		4.1		30.0		—
Lauane C. Addis, Officer		—		—		—
Jeanne S. Addis, Trustee		—		28.1		—
James F. Schembri, Director		8.6		—		—
Mary K. Friske, Officer		.3		.7		—
Laurence C. Mead, Officer		.4		10.0	(1)	—
Beverly K. Suzuki, Officer		2.7		—		—

_________________

(1) Effective December 13, 2013, Fred K. Suzuki and Jeanne S. Addis, Trustee, gifted 3,051 shares each of F.K. Suzuki International, Inc. (“FKSI”) common stock to Laurence C. Mead. As a result of these gifts, Laurence C. Mead currently owns 10,102 shares, or approximately 10% of the outstanding common stock of FKSI.

As of January 31, 2014, $19,699 was due from F. K. Suzuki International, Inc. 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.