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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Cash flows from operating activities:    
Net income $ 4,458,000 $ 5,897,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 334,000 333,000
Investment (gains)/losses (145,000) (198,000)
Non-voting revenues interest in EAM Trust (2,782,000) (4,149,000)
Non-voting profits interest in EAM Trust (233,000) (656,000)
Distributions received from EAM Trust 3,871,000 4,877,000
Deferred income taxes (88,000) (168,000)
Deferred rent (301,000) (254,000)
Changes in operating assets and liabilities:    
Unearned revenue (1,351,000) (1,775,000)
Accounts payable & accrued expenses (229,000) (697,000)
Accrued salaries 87,000 156,000
Accrued taxes on income 827,000 1,580,000
Prepaid and refundable income taxes 458,000 76,000
Prepaid expenses and other current assets 108,000 95,000
Accounts receivable 322,000 2,518,000
Total adjustments 878,000 1,738,000
Net cash provided by operating activities 5,336,000 7,635,000
Cash flows from investing activities:    
Proceeds from sales of equity securities 576,000 34,000
Purchases of equity securities (479,000) (1,536,000)
Purchases of fixed income securities classified as available-for-sale (15,551,000) (498,000)
Proceeds from sales of fixed income securities classified as available-for-sale 0 2,496,000
Acquisition of property and equipment (23,000) 0
Net cash provided by/(used in) investing activities (15,477,000) 496,000
Cash flows from financing activities:    
Purchase of treasury stock at cost (2,382,000) (163,000)
Dividends paid (2,378,000) (2,104,000)
Net cash used in financing activities (4,760,000) (2,267,000)
Net change in cash and cash equivalents (14,901,000) 5,864,000
Cash, cash equivalents and restricted cash at beginning of period 30,008,000 19,640,000
Cash, cash equivalents and restricted cash at end of period $ 15,107,000 $ 25,504,000