Note 6 - Net Income Per Share

3 Months Ended

Jul. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

6.           NET INCOME (LOSS) PER SHARE

The following table presents the calculation of basic and diluted income (loss) per share (in thousands):

	Three Months Ended July 31,
	2013		2012
Numerator:
Net (loss) income	$	264	$	(161	)
Denominator:
Weighted average common shares outstanding – basic		3,894		3,885
Effect of dilutive options outstanding		50		--
Weighted average common shares outstanding – diluted		3,944		3,885

Options to purchase 120,750 and 259,250 shares of common stock as of the three-month periods ended July 31, 2013 and 2012, respectively, were anti-dilutive and therefore were not included in the computation of diluted earnings per share.