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Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Cash Flows From Operating Activities:    
Net Income $ 7,558,000 $ 4,757,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 487,000 445,000
Realized (gain) loss on sale of investments (170,000) 224,000
Impairment on investments 22,000 67,000
Unrealized (gain) loss on equity securities (2,771,000) 31,000
Impairment on investment in limited land partnership 38,000
Provision for credit losses on accounts receivable 16,000 (16,000)
Reserve for obsolete inventory (21,000) 100,000
(Gain) on sale of assets (3,000)
Deferred income taxes 650,000 (167,000)
(Increase) decrease in:    
Accounts receivable (417,000) 627,000
Inventories (93,000) (3,604,000)
Prepaid expenses 418,000 761,000
Other receivables (7,000) (43,000)
Income tax overpayment (680,000)
Increase (decrease) in:    
Accounts payable (254,000) 226,000
Accrued expenses 41,000 111,000
Income tax payable 508,000
Net cash from operating activities 6,005,000 2,836,000
Cash Flows From Investing Activities:    
Proceeds from sale of assets 8,000 12,000
(Purchase) of property and equipment (378,000) (548,000)
Proceeds from sale of marketable securities 527,000 25,000
(Purchase) of marketable securities (699,000) (764,000)
Distribution from investment in limited land partnership 12,000
Net cash from investing activities (530,000) (1,275,000)
Cash Flows From Financing Activities:    
(Purchase) of treasury stock (391,000) (7,000)
Dividends paid (2,915,000) (2,689,000)
Net cash from financing activities (3,306,000) (2,696,000)
Net Change in Cash and Cash Equivalents 2,169,000 (1,135,000)
Cash and Cash Equivalents, beginning of year 4,943,000 6,078,000
Cash and Cash Equivalents, end of year 7,112,000 4,943,000
Supplemental Disclosure for Cash Flow Information:    
Income taxes paid 1,485,000 2,070,000
Interest expense
Cash receipts for:    
Income taxes $ 57,000 $ 176,000