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Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2017
Apr. 30, 2017
Current assets:    
Cash and cash equivalents $ 2,443,852 $ 3,493,324
Accounts receivable, less allowance for doubtful accounts of $100,000 at October 31, 2017 and April 30, 2017, respectively 26,614,409 26,656,871
Inventories, net 80,955,631 73,571,238
Prepaid expenses and other assets 1,725,393 2,971,087
Refundable income taxes 559,341 339,791
Notes receivable 1,202,531 887,531
Other receivables 1,319,273 1,112,071
Total current assets 114,820,430 109,031,913
Property, machinery and equipment, net 35,765,579 33,008,714
Intangible assets, net of amortization of $4,918,840 and $4,698,765 at October 31, 2017 and April 30, 2017, respectively 3,993,160 4,213,235
Goodwill 3,222,899 3,222,899
Deferred income taxes 554,658 236,087
Other assets 1,102,564 1,472,816
Total other long-term assets 8,873,281 9,145,037
Total assets 159,459,290 151,185,664
Current liabilities:    
Trade accounts payable 45,468,809 44,859,344
Accrued wages 5,051,594 4,489,602
Accrued expenses 1,995,953 3,623,106
Income taxes payable 253,405 69,868
Current portion of long-term debt 1,560,190 351,562
Current portion of capital lease obligations 2,151,333 1,711,204
Current portion of contingent consideration 251,756 286,240
Current portion of deferred rent 238,853 220,288
Total current liabilities 56,971,893 55,611,214
Long-term debt, less current portion 32,350,865 27,192,246
Capital lease obligations, less current portion 4,043,264 3,364,825
Contingent consideration, less current portion 192,112 237,578
Deferred rent, less current portion 418,863 555,348
Other long-term liabilities 1,016,002 991,017
Deferred income taxes 1,348,550 1,361,291
Total long-term liabilities 39,369,656 33,702,305
Total liabilities 96,341,549 89,313,519
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $.01 par value; 500,000 shares authorized, none issued or outstanding
Common stock, $.01 par value; 12,000,000 shares authorized, 4,202,813 and 4,195,813 shares issued and outstanding at October 31, 2017 and April 30, 2017, respectively 41,772 41,702
Capital in excess of par value 23,079,064 22,952,535
Retained earnings 39,996,905 38,877,908
Total stockholders' equity 63,117,741 61,872,145
Total liabilities and stockholders' equity $ 159,459,290 $ 151,185,664