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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Apr. 30, 2012
Apr. 30, 2011
Current assets:    
Cash $ 136 $ 460
Accounts receivable, less allowances of $165 and $144, respectively 2,631 2,801
Inventories, net 5,940 5,880
Prepaid expenses 61 69
Income tax refund claims receivable 13  
Deferred taxes 752 662
Total current assets 9,533 9,872
Property and equipment:    
Land 1,737 1,737
Building and improvements 3,395 3,395
Equipment 3,513 3,333
8,645 8,465
Accumulated depreciation (3,350) (3,072)
5,295 5,393
Goodwill 1,942 1,942
Intangible assets, net 1,886 2,100
Other assets, net 51 60
Total assets 18,707 19,367
Current liabilities:    
Accounts payable 825 1,248
Accrued expenses 1,393 1,701
Income taxes payable 5 51
Current maturities of long-term debt 181 134
Total current liabilities 2,404 3,134
Deferred taxes 485 396
Long-term debt, less current maturities 3,554 4,960
Stockholders' equity:    
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued and outstanding      
Common stock, $.01 par value, 10,000,000 shares authorized; issued and outstanding – 3,884,012 at April 30, 2012 and 3,789,012 at April 30, 2011 39 38
Additional paid-in capital 11,166 10,999
Retained earnings (accumulated deficit) 1,059 (160)
Total stockholders' equity 12,264 10,877
Total liabilities and stockholders' equity $ 18,707 $ 19,367