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Condensed Balance Sheets - USD ($)
Jan. 31, 2022
Apr. 30, 2021
Current Assets:    
Cash and cash equivalents $ 6,388,000 $ 7,326,000
Investments and securities 33,154,000 33,337,000
Accounts receivable:    
Trade, net of $25,747 and $9,947 doubtful account allowance 3,705,000 3,812,000
Other 16,000 16,000
Inventories, net 6,858,000 5,622,000
Prepaid expenses 1,395,000 405,000
Total Current Assets 51,516,000 50,518,000
Property and Equipment, net 1,641,000 1,704,000
Other Assets    
Investment in Limited Land Partnership, at cost 344,000 320,000
Projects in process 259,000 200,000
Other 41,000
Total Other Assets 644,000 520,000
Intangible Assets, net 1,302,000 1,394,000
TOTAL ASSETS 55,103,000 54,136,000
Current Liabilities    
Accounts payable, trade 301,000 477,000
Dividends payable 2,296,000 2,080,000
Accrued expenses 489,000 359,000
Income tax payable 244,000 81,000
Total Current Liabilities 3,330,000 2,997,000
Long-Term Liabilities    
Deferred income taxes 2,384,000 2,735,000
Total Long-Term Liabilities 2,384,000 2,735,000
Total Liabilities 5,714,000 5,732,000
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 5,000 108,000
Retained earnings 50,872,000 49,749,000
Less: treasury stock, 3,559,125 and 3,556,412 shares, at cost (4,371,000) (4,336,000)
Total Stockholders’ Equity 49,389,000 48,404,000
TOTAL LIABILITES AND STOCKHOLDERS’ EQUITY $ 55,103,000 $ 54,136,000