Commitments and Contingencies

6 Months Ended

Oct. 31, 2015

Commitments and Contingencies [Abstract]

Commitments and Contingencies

Note - F - Commitments and Contingencies

Related to the on-going employment-related lawsuit, on September 17, 2015, the court awarded the plaintiff an additional $74,478 based on the plaintiff’s Claim for Equitable Relief. Including the equitable relief award, the judgment against the Company is currently $374,478. In connection with the grant of equitable relief to the plaintiff, the court denied the Company’s motion for sanctions. As of October 31, 2015, the Company has accrued an additional $75,000 in recognition of the court’s award of equitable relief to plaintiff. As a result, as of October 31, 2015, the Company’s total accrual for this matter is $375,000.  On October 16, 2015, the Company appealed the judgment to the Seventh Circuit Court of Appeals.

From time to time the Company is involved in legal proceedings, claims or investigations that are incidental to the conduct of the Company’s business.  In future periods, the Company could be subjected to cash cost or non-cash charges to earnings if any of these matters is resolved on unfavorable terms.  However, although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including management’s assessment of the merits of any particular claim, the Company does not expect that these legal proceedings or claims will have any material adverse impact on its future consolidated financial position or results of operations.