Related Party Transactions

9 Months Ended

Jan. 31, 2020

Related Party Transactions [Abstract]

Related Party Transactions

The Company and its affiliates are related through common stock ownership as follows as of January 31, 2020:

			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		—
Jeanne S. Addis, Trustee	—			28.1		—
Mary K. Friske, Officer	.3			.7		—
Laurence C. Mead, Officer	.4			10.0		—
Beverly K. Suzuki	2.7			—		—
Lauane C. Addis, Officer	—			—		—
Malcolm MacCoun, Director	—			—		—

As of January 31, 2020, $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.

A board member provided a variety of legal services to the Company in his capacity as a partner in a law firm. Fees for such legal services were approximately $9,216 and $18,341 for the nine months ended January 31, 2020 and 2019, respectively.