Earnings per Share

9 Months Ended

Jan. 31, 2025

Income Per Share of Common Stock

Earnings per Share

Note 5: 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 January 31, 2025
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	1,607,000
Basic EPS	$	1,607,000		4,895,382	$	.33
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	1,607,000		4,915,882	$	.33

	For the three months ended January 31, 2024
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	3,239,000
Basic EPS	$	3,239,000		4,899,692	$	.66
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	3,239,000		4,920,192	$	.66

	For the nine months ended January 31, 2025
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	6,528,000
Basic EPS	$	6,528,000		4,896,281	$	1.33
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	6,528,000		4,916,781	$	1.33

	For the nine months ended January 31, 2024
	Income		Shares		Per-Share
	(Numerator)		(Denominator)		Amount
Net income	$	5,558,000
Basic EPS	$	5,558,000		4,918,746	$	1.13
Effect of dilutive Convertible Preferred Stock		—		20,500		—
Diluted EPS	$	5,558,000		4,939,246	$	1.13