XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Long-term Debt and Fair Value Disclosure
9 Months Ended
Jan. 31, 2015
Long-Term Debt and Fair Value Disclosure [Abstract]  
Fair Value Disclosure
Long-Term Debt and Fair Value Disclosure
The fair value of the Company’s long-term debt is estimated based on the current rates offered to the Company for debt of the same or similar issues. The fair value of the Company’s long-term debt was approximately $891,000 and $841,000, at January 31, 2015 and April 30, 2014, respectively.
Long-Term Debt Disclosure
The Company has an aggregate $100,000 line of credit with $18,500 owed at January 31, 2015 and no balance owed at April 30, 2014.