Earnings Per Share (Tables)

12 Months Ended

Apr. 30, 2023

Earnings Per Share [Abstract]

Summary of Earnings Per Share, Basic and Diluted

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

	Year Ended April 30,
	2023		2022
Basic and diluted net income (loss) per share computation (dollars in thousands):
Net income (loss) attributable to common stockholders	$	(5,335)	$	548
Weighted Average common shares - basic	13,541,559		13,197,170
Basic net income (loss) per share	$	(0.39)	$	0.04
Diluted income (loss) per share computation
Net income (loss) attributable to common stockholders	$	(5,335)	$	548
Income (loss) available to common stockholders	$	(5,335)	$	548
Weighted Average common shares	13,541,559		13,197,170
Incremental shares from assumed exercise of warrants and stock options	—		962,629
Adjusted weighted average share – diluted	13,541,559		14,159,799
Diluted net income (loss) per share	$	(0.39)	$	0.04

Summary of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table reflects the total potential stock-based instruments outstanding at April 30, 2023 and 2022 that could have an effect on the future computation of dilution per common share. These figures were not included in the above calculation as, to do so, would be antidilutive:

	Year Ended April 30
	2023	2022
Stock options	1,775,667	1,658,239
Total common stock equivalents	1,775,667	1,658,239