Note 16 - Gain on Sale of Operating Facility

12 Months Ended

Apr. 30, 2018

Notes to Financial Statements

Gain on Sale of Operating Facility [Text Block]

Note

16

- Gain on Sale of Operating Facility:

On

July 29, 2016,

Value Line closed the sale of its

85,000

sq. ft. distribution, fulfillment and warehouse operating facility located at

125

East Union Avenue, East Rutherford, NJ, received net proceeds of

$11,555,000

and reported an increment to net profits after tax during the

first

quarter of fiscal

2017

of approximately

$5.28

million. The distribution, fulfillment and warehouse operations were relocated to an alternative

24,110

sq. ft. leased facility (See Note

9

).