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Condensed Balance Sheets - USD ($)
Jan. 31, 2019
Apr. 30, 2018
Current Assets:    
Cash and cash equivalents $ 4,589,000 $ 4,294,000
Investments and securities 25,770,000 26,346,000
Accounts receivable:    
Trade, net of $3,465 and $6,651 doubtful account allowance 2,034,000 2,545,000
Other 3,000 2,000
Income tax overpayment 854,000 747,000
Inventories, net 4,253,000 3,267,000
Prepaid expenses 310,000 603,000
Total Current Assets 37,813,000 37,804,000
Property and Equipment, net, at cost 1,008,000 1,076,000
Other Assets    
Investment in Limited Land Partnership, at cost 293,000 293,000
Projects in process 132,000
Other 3,000 6,000
Total Other Assets 428,000 299,000
Intangible Assets, net 1,671,000 1,763,000
TOTAL ASSETS 40,920,000 40,942,000
Current Liabilities    
Accounts payable, trade 302,000 336,000
Dividends payable 1,713,000 1,580,000
Accrued expenses:    
Payroll and related expenses 302,000 329,000
Property taxes 3,000 12,000
Total Current Liabilities 2,320,000 2,257,000
Long-Term Liabilities    
Deferred income taxes 778,000 955,000
Total Long-Term Liabilities 778,000 955,000
Total Liabilities 3,098,000 3,212,000
Commitments and Contingencies
Stockholders' Equity    
Convertible preferred stock, 1,000,000 shares authorized, Series 1-noncumulative, $20 stated value, 25,000 shares authorized, 4,100 issued and outstanding 99,000 99,000
Common stock, Class A, $.10 par value, 10,000,000 shares authorized, 8,502,881 shares issued and outstanding 850,000 850,000
Additional paid-in capital 1,934,000 1,934,000
Accumulated other comprehensive income 1,730,000 2,249,000
Retained earnings 37,419,000 36,746,000
Less: treasury stock, 3,542,171 and 3,534,784 shares, at cost (4,210,000) (4,148,000)
Total Stockholders' Equity 37,822,000 37,730,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,920,000 $ 40,942,000