Significant Accounting Policies (Tables)

9 Months Ended

Jan. 31, 2022

Accounting Policies [Abstract]

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

	Three Months Ended January 31,				Nine Months Ended January 31,
	2022		2021		2022		2021
Basic and diluted net income per share computation (dollars in thousands):
Net income attributable to common stockholders	$	787	$	959	$	892	$	1,035
Weighted Average common shares – basic	13,500,444		13,371,613		13,170,880		12,974,470
Basic net income per share	$	0.06	$	0.07	$	0.07	$	0.08
Diluted income per share computation:
Net income attributable to common stockholders	$	787	$	959	$	892	$	1,035
Net income available to common stockholders	$	787	$	959	$	892	$	1,035
Weighted Average common shares	13,500,444		13,371,613		13,170,880		12,974,470
Incremental shares from assumed exercise of stock options	886,565		1,135,542		1,007,202		1,535,810
Adjusted weighted average share – diluted	14,387,009		14,507,155		14,178,082		14,510,280
Diluted net income per share	$	0.05	$	0.07	$	0.06	$	0.07

Summary of antidilutive securities excluded from earnings per share calculations

The following table reflects the total potential share-based instruments outstanding at January 31, 2022 and 2021 that could have an effect on the future computation of dilution per common share, had their effect not been anti-dilutive:

	January 31,
	2022	2021
Total common stock equivalents	1,681,448	1,693,312