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Condensed Balance Sheets - USD ($)
Jul. 31, 2025
Apr. 30, 2025
Current Assets:    
Cash and cash equivalents $ 8,260,000 $ 6,471,000
Investments and securities, at fair value 38,470,000 35,736,000
Accounts receivable:    
Trade, net of allowance for credit losses of $57,193 and $12,414 5,114,000 4,693,000
Other 24,000 59,000
Federal solar tax credit receivable 2,154,000 2,154,000
Inventories, net 10,585,000 10,740,000
Prepaid expenses 563,000 514,000
Total Current Assets 65,170,000 60,367,000
Property and Equipment, net, at cost 2,130,000 2,031,000
Other Assets    
Investment in Limited Land Partnership, at cost 25,000 25,000
Projects in process 10,000 10,000
Total Other Assets 35,000 35,000
Intangible assets, net 877,000 907,000
TOTAL ASSETS 68,212,000 63,340,000
Current Liabilities    
Accounts payable, trade 465,000 301,000
Dividends payable 3,297,000 3,302,000
Deferred income 8,000 17,000
Accrued expenses 558,000 523,000
Income tax payable 472,000 25,000
Total Current Liabilities 4,800,000 4,168,000
Long-Term Liabilities    
Deferred income taxes 2,766,000 2,310,000
Total Long-Term Liabilities 2,766,000 2,310,000
Total Liabilities 7,566,000 6,478,000
Commitments and contingencies
Stockholders’ Equity    
Convertible preferred stock, 1,000,000 shares authorized, Series 1—noncumulative, $20 stated value, 25,000 shares authorized, 4,239 issued and outstanding 102,000 102,000
Common stock, Class A, $.10 par value, 10,000,000 shares authorized, 8,502,881 shares issued and outstanding 850,000 850,000
Additional paid-in capital 1,931,000 1,931,000
Accumulated other comprehensive income (76,000) (77,000)
Retained earnings 62,865,000 59,072,000
Less: treasury stock, 3,611,051 and 3,610,451 shares, at cost (5,026,000) (5,016,000)
Total Stockholders’ Equity 60,646,000 56,862,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 68,212,000 $ 63,340,000