Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Jan. 31, 2020	Apr. 30, 2019
Current Assets:
Cash and cash equivalents (including short term investments of $2,739 and $5,617, respectively)	$ 3,555,000	$ 6,493,000
Securities available-for-sale	25,845,000	21,828,000
Accounts receivable, net of allowance for doubtful accounts of $22 and $22, respectively	5,165,000	1,504,000
Prepaid and refundable income taxes	96,000	254,000
Prepaid expenses and other current assets	1,041,000	1,335,000
Total current assets	35,702,000	31,414,000
Long term assets:
Investment in EAM Trust	59,612,000	58,625,000
Restricted money market investment	469,000	469,000
Property and equipment, net	9,798,000	1,146,000
Capitalized software and other intangible assets, net	83,000	134,000
Total long term assets	69,962,000	60,374,000
Total assets	105,664,000	91,788,000
Current Liabilities:
Accounts payable and accrued liabilities	1,750,000	2,068,000
Accrued salaries	1,047,000	1,211,000
Dividends payable	1,928,000	1,933,000
Accrued taxes on income		180,000
Operating lease obligation	925,000
Unearned revenue	18,216,000	20,008,000
Total current liabilities	23,866,000	25,400,000
Long term liabilities:
Unearned revenue	5,480,000	5,475,000
Operating lease obligation	8,719,000
Deferred charges		765,000
Deferred income taxes	13,253,000	12,624,000
Total long term liabilities	27,452,000	18,864,000
Total liabilities	51,318,000	44,264,000
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	55,660,000	48,598,000
Treasury stock, at cost (360,455 and 336,439 shares, respectively)	(5,315,000)	(4,743,000)	[1],[2],[3]
Accumulated other comprehensive income, net of tax	2,010,000	1,678,000
Total shareholders' equity	54,346,000	47,524,000
Total liabilities and shareholders' equity	$ 105,664,000	$ 91,788,000

[1] Includes 207,047 shares that were acquired during the $3 million repurchase program which was authorized in September 2012 and expired in October 2018.

[2] Includes 49,789 shares that were acquired during the $2 million repurchase program which was authorized in October 2018.

[3] Includes 85,219 shares 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.