Earnings Per Share

3 Months Ended

Jul. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

Note 5: Earnings per Share

Basic and diluted earnings per share, assuming convertible preferred stock was converted for each period presented, are:

	For the three months ended July 31, 2018
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	617,000
Basic EPS	$	617,000		4,967,580	$	.1242
Effect of dilutive Convertible
Preferred Stock		–		20,500		(.0005	)
Diluted EPS	$	617,000		4,988,080	$	.1237

	For the three months ended July 31, 2017
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	518,000
Basic EPS	$	518,000		4,945,092	$	.1048
Effect of dilutive Convertible
Preferred Stock		–		20,500		(.0005	)
Diluted EPS	$	518,000		4,965,592	$	.1043