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Condensed Income Statements (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Income Statement [Abstract]        
Net Sales $ 5,054,000 $ 4,633,000 $ 15,252,000 $ 13,327,000
Less: Cost of Goods Sold (2,861,000) (2,385,000) (7,908,000) (6,631,000)
Gross Profit 2,193,000 2,248,000 7,344,000 6,696,000
Operating Expenses        
General and Administrative 371,000 362,000 1,070,000 1,040,000
Sales 649,000 639,000 2,109,000 1,809,000
Engineering 29,000 31,000 67,000 81,000
Total Operating Expenses 1,049,000 1,032,000 3,246,000 2,930,000
Income From Operations 1,144,000 1,216,000 4,098,000 3,766,000
Other Income (Expense)        
Other 1,000 952,000 15,000 1,008,000
Dividend and Interest Income 552,000 317,000 876,000 608,000
Unrealized Gain (Loss) on equity securities (1,729,000) 2,654,000 (687,000) 4,653,000
Gain on Sale of Investments 91,000 250,000 391,000 293,000
Gain on Sale of Assets 4,000
Total Other Income (Expense) (1,085,000) 4,173,000 595,000 6,566,000
Income Before Provisions for Income Taxes 59,000 5,389,000 4,693,000 10,332,000
Provisions for Income Taxes:        
Current Expense 455,000 199,000 1,407,000 1,230,000
Deferred Tax Expense (Benefit) (557,000) 743,000 (309,000) 1,303,000
Total Income Tax Expense (Benefit) (102,000) 942,000 1,098,000 2,533,000
Net Income $ 161,000 $ 4,447,000 $ 3,595,000 $ 7,799,000
Income Per Share of Common Stock        
Basic $ 0.03 $ 0.90 $ 0.73 $ 1.58
Diluted $ 0.03 $ 0.89 $ 0.72 $ 1.57
Weighted Average Number of Common Shares Outstanding        
Basic 4,943,985 4,948,224 4,945,192 4,949,351
Diluted 4,964,485 4,968,724 4,965,692 4,969,851