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Condensed Consolidated Balance Sheets (USD $)
Jul. 31, 2013
Apr. 30, 2013
Current assets:    
Cash and cash equivalents $ 1,478,000 $ 1,464,000
Accounts receivable, less allowances of $57 and $35, respectively 2,269,000 2,538,000
Inventories, net 6,837,000 6,238,000
Prepaid expenses 126,000 61,000
Income tax refund claims receivable   106,000
Deferred taxes 693,000 689,000
Total current assets 11,403,000 11,096,000
Property and equipment:    
Land 1,737,000 1,737,000
Building and improvements 3,395,000 3,395,000
Equipment 3,802,000 3,696,000
Total property and equipment, gross 8,934,000 8,828,000
Accumulated depreciation (3,516,000) (3,429,000)
Total property and equipment, net 5,418,000 5,399,000
Goodwill 1,942,000 1,942,000
Intangible assets, net 1,634,000 1,685,000
Other assets, net 46,000 47,000
Total assets 20,443,000 20,169,000
Current liabilities:    
Accounts payable 1,375,000 1,390,000
Accrued expenses 1,457,000 1,408,000
Income taxes payable 68,000 1,000
Current maturities of long-term debt 186,000 185,000
Total current liabilities 3,086,000 2,984,000
Deferred taxes 625,000 637,000
Long-term debt, less current maturities 2,572,000 2,619,000
Stockholders' equity:    
Preferred stock, $.01 par value, 5,000,000 shares authorized; issued and outstanding – none      
Common stock, $.01 par value, 10,000,000 shares authorized; issued and outstanding – 3,889,368 at July 31, 2013 and 3,897,832 at April 30, 2013 40,000 40,000
Additional paid-in capital 11,488,000 11,429,000
Treasury stock, at cost; 75,681 shares at July 31, 2013 and 59,414 shares at April 30, 2013 (374,000) (282,000)
Retained earnings 3,006,000 2,742,000
Total stockholders' equity 14,160,000 13,929,000
Total liabilities and stockholders' equity $ 20,443,000 $ 20,169,000