Significant Accounting Policies (Tables)

9 Months Ended

Jan. 31, 2021

Accounting Policies [Abstract]

Summary of the calculation of earnings per share, basic and diluted

	Three Months Ended January 31,				Nine Months Ended January 31,
	2021		2020		2021		2020
Basic and diluted net income per share computation (dollars in thousands):
Net income attributable to common stockholders	$	740	$	407	$	816	$	72
Weighted Average common shares – basic	13,371,613		11,752,619		12,974,470		11,653,115
Basic net income per share	$	0.06	$	0.03	$	0.06	$	0.01
Diluted income per share computation:
Net income attributable to common stockholders	$	740	$	407	$	816	$	72
Net income available to common stockholders	$	740	$	407	$	816	$	72
Weighted Average common shares	13,371,613		11,752,619		12,974,470		11,653,115
Incremental shares from assumed exercise of stock options	1,135,542		1,921,053		1,535,810		1,787,746
Adjusted weighted average share – diluted	14,507,155		13,673,672		14,510,280		13,440,861
Diluted net income per share	$	0.05	$	0.03	$	0.06	$	0.01

Summary of antidilutive securities excluded from earnings per share calculations

The following table reflects the total potential share-based instruments outstanding at January 31, 2021 and 2020 that could have an effect on the future computation of dilution per common share, had their effect not been anti-dilutive:

	January 31,
	2021	2020
Stock options	1,693,312	2,366,598
Warrants	—	1,669,773
Total common stock equivalents	1,693,312	4,036,371