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Balance Sheets - USD ($)
Apr. 30, 2024
Apr. 30, 2023
Current Assets:    
Cash and cash equivalents $ 7,112,000 $ 4,943,000
Investments and securities 34,488,000 31,363,000
Accounts receivable:    
Trade, net of allowance for credit losses of $34,256 and $17,922 for 2024 and 2023, respectively 3,903,000 3,503,000
Other 66,000 59,000
Income tax overpayment 403,000
Inventories, net 11,558,000 11,443,000
Prepaid expenses 315,000 651,000
Total Current Assets 57,442,000 52,365,000
Property and Equipment, at cost, net 2,003,000 1,997,000
Other Assets    
Investment in Limited Land Partnership, at cost 294,000 344,000
Projects in process 13,000 83,000
Other 13,000
Total Other Assets 307,000 440,000
Intangible Assets, net 1,028,000 1,149,000
TOTAL ASSETS 60,780,000 55,951,000
Current Liabilities    
Accounts payable, trade 291,000 546,000
Dividends payable 2,853,000 2,565,000
Deferred income 23,000 43,000
Accrued expenses 483,000 421,000
Income tax payable 105,000
Total Current Liabilities 3,755,000 3,575,000
Long-Term Liabilities    
Deferred income taxes 2,388,000 1,727,000
Total Long-Term Liabilities 2,388,000 1,727,000
Total Liabilities 6,143,000 5,302,000
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 (loss) (137,000) (161,000)
Retained earnings 56,836,000 52,481,000
Less: treasury stock, 3,606,151 and 3,572,338 shares, at cost (4,945,000) (4,554,000)
Total Stockholders’ Equity 54,637,000 50,649,000
TOTAL LIABILITES AND STOCKHOLDERS’ EQUITY $ 60,780,000 $ 55,951,000