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Condensed Income Statements (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Income Statement [Abstract]    
Net Sales $ 5,780,000 $ 4,728,000
Less: Cost of Goods Sold (2,835,000) (2,462,000)
Gross Profit 2,945,000 2,266,000
Operating Expenses:    
General and Administrative 337,000 368,000
Sales 807,000 689,000
Engineering 27,000 22,000
Total Operating Expenses 1,171,000 1,079,000
Income From Operations 1,774,000 1,187,000
Other Income (Expense)    
Other 2,000 8,000
Interest Expense (1,000)
Dividend and Interest Income 317,000 241,000
Unrealized Gain on Equity Securities 1,346,000 1,634,000
Gain (Loss) on Sale of Assets (2,000) 8,000
Gain (Loss) on Sale of Investments 213,000 (118,000)
Total Other Income (Expense) 1,875,000 1,773,000
Income Before Provisions for Income Taxes 3,649,000 2,960,000
Provisions for Income Taxes    
Current Expense 705,000 310,000
Deferred tax (benefit) expense 239,000 276,000
Total Income Tax Expense 944,000 586,000
Net Income $ 2,705,000 $ 2,374,000
Basic Earnings Per Share of Common Stock $ 0.55 $ 0.48
Diluted Earnings Per Share of Common Stock $ 0.55 $ 0.48
Weighted Average Number of Common Shares Outstanding 4,896,730 4,928,974
Weighted Average Number of Shares Outstanding (Diluted) 4,917,230 4,949,474