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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Cash flows from operating activities:    
Net income $ 12,142,000 $ 11,572,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 649,000 594,000
Investment (gains)/losses (1,855,000) (1,524,000)
Non-voting revenues interest from EAM Trust (9,034,000) (7,726,000)
Non-voting profits interest from EAM Trust (1,241,000) (1,145,000)
Distributions received from EAM Trust 9,764,000 8,219,000
Deferred income taxes 768,000 497,000
Deferred rent (638,000) (588,000)
Changes in operating assets and liabilities:    
Unearned revenue (1,961,000) (1,415,000)
Accounts payable & accrued expenses (745,000) (478,000)
Accrued salaries (144,000) (31,000)
Accrued taxes on income 312,000 3,000
Prepaid and refundable income taxes (104,000) (390,000)
Prepaid expenses and other current assets 435,000 205,000
Accounts receivable 164,000 51,000
Total adjustments (3,630,000) (3,728,000)
Net cash provided by operating activities 8,512,000 7,844,000
Cash flows from investing activities:    
Purchases of equity securities (897,000) (7,045,000)
Purchases of fixed income securities classified as available-for-sale (5,210,000) (13,441,000)
Proceeds from sales of equity securities 305,000 3,075,000
Proceeds from sales of fixed income securities classified as available-for-sale 13,155,000 22,365,000
Acquisition of property and equipment 0 (65,000)
Net cash provided by investing activities 7,353,000 4,889,000
Cash flows from financing activities:    
Purchase of treasury stock at cost (219,000) (178,000)
Dividends paid (6,117,000) (5,652,000)
Net cash used in financing activities (6,336,000) (5,830,000)
Net change in cash and cash equivalents 9,529,000 6,903,000
Cash, cash equivalents and restricted cash at beginning of period 34,382,000 4,695,000
Cash, cash equivalents and restricted cash at end of period $ 43,911,000 $ 11,598,000