Note 13 - Restricted Cash and Deposits

6 Months Ended

Oct. 31, 2020

Notes to Financial Statements

Restricted Assets Disclosure [Text Block]

Note

13

- Restricted Cash and Deposits:

Restricted Money Market Investment in the noncurrent assets on the Consolidated Condensed Balance Sheet at

October 31, 2020,

includes

$469,000,

which represents cash invested in a bank money market fund securing a letter of credit ("LOC") in the amount of

$469,000

issued to the sublandlord as a security deposit for the Company's New York City leased corporate office facility.  Effective

October 3, 2021,

the LOC and restricted cash  will be reduced to

$305,000

according to the lease agreement.