Earnings Per Share (Tables)

12 Months Ended

Apr. 30, 2024

Earnings Per Share of Common Stock

Schedule of Basic and Diluted Earnings Per Share

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

Schedule of Basic and Diluted Earnings Per Share

	April 30, 2024
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	7,558,000
Basic EPS	$	7,558,000		4,913,676	$	1.54
Effect of dilutive Convertible Preferred Stock		–		20,500		(0.01	)
Diluted EPS	$	7,558,000		4,934,176	$	1.53

	April 30, 2023
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	4,757,000
Basic EPS	$	4,757,000		4,930,835	$	0.96
Effect of dilutive Convertible Preferred Stock		–		20,500		—
Diluted EPS	$	4,757,000		4,951,335	$	0.96