Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Oct. 31, 2018		Apr. 30, 2018
Current Assets:
Cash and cash equivalents (including short term investments of $3,726 and $4,982, respectively)	$ 4,585,000		$ 5,941,000
Securities available-for-sale	19,060,000		17,844,000
Accounts receivable, net of allowance for doubtful accounts of $17 and $14, respectively	1,132,000		1,049,000
Prepaid and refundable income taxes	51,000		457,000
Prepaid expenses and other current assets	1,113,000		1,270,000
Total current assets	25,941,000		26,561,000
Long term assets:
Investment in EAM Trust	58,451,000		58,233,000
Restricted money market investment	469,000		469,000
Property and equipment, net	1,255,000		1,371,000
Capitalized software and other intangible assets, net	127,000		154,000
Total long term assets	60,302,000		60,227,000
Total assets	86,243,000		86,788,000
Current Liabilities:
Accounts payable and accrued liabilities	1,358,000		1,926,000
Accrued salaries	1,120,000		1,387,000
Dividends payable	1,841,000		1,841,000
Unearned revenue	18,325,000		19,717,000
Total current liabilities	22,644,000		24,871,000
Long term liabilities:
Unearned revenue	4,876,000		5,808,000
Deferred charges	809,000		854,000
Deferred income taxes	11,514,000		11,714,000
Total long term liabilities	17,199,000		18,376,000
Total liabilities	39,843,000		43,247,000
Shareholders' Equity:
Common stock, $0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares	1,000,000		1,000,000
Additional paid-in capital	991,000		991,000
Retained earnings	47,626,000		44,902,000
Treasury stock, at cost (310,666 and 308,380 shares, respectively)	(4,181,000)	[1],[2]	(4,135,000)	[3]
Accumulated other comprehensive income, net of tax	964,000		783,000
Total shareholders' equity	46,400,000		43,541,000
Total liabilities and shareholders' equity	$ 86,243,000		$ 86,788,000

[1] Includes 207,047 shares with a total average cost of $2,792,000 that were acquired during the $3 million repurchase program which was authorized in September 2012 and expired in October 2019.

[2] On October 19, 2018, the Companys Board of Directors authorized the repurchases up to $2,000,000 of shares of the Companys common stock of which none were purchased through October 31, 2018.

[3] Includes 85,219 shares with a total average cost of $1,036,000 that were acquired during the former repurchase program which was authorized in January 2011 and expired in January 2012; 18,400 shares were acquired prior to January 2011.