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Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2020
Apr. 30, 2020
Current assets:    
Cash and cash equivalents $ 4,956,038 $ 6,779,445
Accounts receivable, less allowance for doubtful accounts of $395,969 and $727,252 at October 31, 2020 and April 30, 2020, respectively 24,633,138 30,804,976
Inventories, net 83,940,180 87,179,369
Prepaid expenses and other assets 1,044,386 1,510,943
Refundable and prepaid income taxes 1,398,702 1,699,970
Other receivables 5,340,198 2,642,094
Total current assets 121,312,642 130,616,797
Property, machinery and equipment, net 33,735,679 33,935,760
Intangible assets, net 2,173,525 2,350,949
Deferred income taxes 285,105 284,435
Other assets 8,933,500 8,891,090
Total other long-term assets 11,392,130 11,526,474
Total assets 166,440,451 176,079,031
Current liabilities:    
Trade accounts payable 44,482,696 55,770,953
Accrued wages 6,383,294 4,206,825
Accrued expenses 2,617,684 2,670,504
Income taxes payable 449,883 469,143
Current portion of long-term debt 5,380,120 2,878,160
Current portion of finance lease obligations 1,650,763 1,902,295
Current portion of operating lease obligations 2,078,990 2,150,161
Total current liabilities 63,043,430 70,048,041
Long-term debt, less current portion 36,882,880 38,537,064
Income taxes payable 404,975 452,619
Finance lease obligations, less current portion 1,124,309 1,884,722
Operating lease obligations, less current portion 5,457,117 5,281,811
Other long-term liabilities 869,460 810,769
Deferred income taxes 41,060 188,206
Total long-term liabilities 44,779,801 47,155,191
Total liabilities 107,823,231 117,203,232
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, 4,257,508 and 4,242,508 shares issued and outstanding at October 31, 2020 and April 30, 2020, respectively 42,296 42,265
Capital in excess of par value 23,634,711 23,619,513
Retained earnings 34,940,213 35,214,021
Total stockholders' equity 58,617,220 58,875,799
Total liabilities and stockholders' equity $ 166,440,451 $ 176,079,031