Earnings per Share (Tables)

3 Months Ended

Jul. 31, 2024

Earnings Per Share [Abstract]

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:

	For the three months ended July 31, 2024
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	2,705,000
Basic EPS	$	2,705,000		4,896,730	$	.55
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	2,705,000		4,917,230	$	.55

	For the three months ended July 31, 2023
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	2,374,000
Basic EPS	$	2,374,000		4,928,974	$	.48
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	2,374,000		4,949,474	$	.48