Expenses for Settlement

12 Months Ended

Apr. 30, 2015

Restructuring and Related Activities [Abstract]

Restructuring Expenses and Provision for Settlement

Note 15- Expenses for Settlement:

As required by the Settlement, the SEC created a "Fair Fund" pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002.  The Fair Fund is being used to reimburse shareholders who owned shares in the affected Value Line Funds in the period covered by the Settlement.  The Company is required to bear costs associated with the Fair Fund administration, including compensating a third party consultant appointed by the SEC to administer the Fair Fund distribution.  The SEC has appointed A.B. Data, Ltd., which has no affiliation with the Company, as the Administrator of the Fair Fund.  The provision for settlement included anticipated costs of Fair Fund administration estimated by Fair Fund administration as well as certain fees and costs arising from the Settlement Transaction.  During fiscal 2015, 2014 and 2013, the Company expensed $75,000, $270,000 and $0, respectively, and made payments to the Administrator of the Fair Fund aggregating $67,000, $156,000 and $32,000, respectively.