Earnings Per Share (Tables)

12 Months Ended

Apr. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of net income (loss) and number of shares used in computing basic and diluted earnings (loss) per share was as follows:

	Year Ended April 30,
	2020			2019
Basic and diluted net loss per share computation (dollars in thousands):
Net income (loss) attributable to common stockholders	$	(1,975	)	$	128
Weighted Average common shares - basic	11,843,463			11,340,184
Basic net income (loss) per share	$	(0.17	)	$	0.01
Diluted income (loss) per share computation
Net income (loss) attributable to common stockholders	$	(1,975	)	$	128
Income (loss) available to common stockholders	$	(1,975	)	$	128
Weighted Average common shares	11,843,463			11,340,184
Incremental shares from assumed exercise of warrants and stock options	—			2,755,933
Adjusted weighted average share – diluted	11,843,463			14,096,117
Diluted net income (loss) per share	$	(0.17	)	$	0.01

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table reflects the total potential stock-based instruments outstanding at April 30, 2020 and 2019 that could have an effect on the future computation of dilution per common share:

	Year Ended April 30
	2020	2019
Stock options	2,271,658	2,423,626
Warrants	—	1,671,440
Total common stock equivalents	2,271,658	4,095,066