Note 2 - Investments (Tables)

3 Months Ended

Jul. 31, 2017

Notes Tables

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

($ in thousands)	Cost		Gross Unrealized Gains		Fair Value
ETFs - equities	$	8,385	$	864	$	9,249

($ in thousands)	Cost		Gross Unrealized Gains		Fair Value
ETFs - equities	$	8,385	$	712	$	9,097

	Amortized		Gross Unrealized
($ in thousands)	Historical Cost		Holding Losses			Fair Value
Maturity
Due within 1 year	$	5,626	$	(5	)	$	5,621
Due 1 year through 5 years		2,850		(10	)		2,840
Total investment in government debt securities	$	8,476	$	(15	)	$	8,461

	Amortized		Gross Unrealized		Gross Unrealized
($ in thousands)	Historical Cost		Holding Gains		Holding Losses			Fair Value
Maturity
Due within 1 year	$	4,384	$	4	$	(3	)	$	4,385
Due 1 year through 5 years		3,100		-		(6	)		3,094
Total investment in government debt securities	$	7,484	$	4	$	(9	)	$	7,479

Investment Income [Table Text Block]

	Three Months Ended July 31,
($ in thousands)	2017		2016
Dividend income	$	52	$	24
Interest income		25		-
Other		19		9
Total income from securities transactions, net	$	96	$	33

Investment Holdings, Other than Securities [Table Text Block]

	Three Months Ended July 31,
($ in thousands) (unaudited)	2017		2016
Investment management fees earned from the Value Line Funds, net of fee waivers	$	3,958	$	3,637
12b-1 fees and other fees, net of fee waivers	$	1,549	$	1,443
Other income	$	55	$	63
Investment management fee waivers (1)	$	154	$	94
12b-1 fee waivers (1)	$	235	$	233
Value Line’s non-voting revenues interest	$	1,978	$	1,787
EAM's net income (2)	$	316	$	258

Summary Investment Holdings [Table Text Block]

	July 31,			April 30,
($ in thousands)	2017			2017
	(unaudited)
EAM's total assets	$	60,692		$	60,432
EAM's total liabilities (1)		(3,128	)		(2,931	)
EAM's total equity	$	57,564		$	57,501