Segment and Geographic Area Information (Tables)

6 Months Ended

Oct. 31, 2022

Segment and Geographic Area Information [Abstract]

Schedule of Segment Reporting Information

		Three Months Ended October 31, 2022
		EMS		Pet Tech
		Segment		Segment		Consolidated
Net sales (1)	$	108,221,067	$	455,676	$	108,676,743
Operating income (loss)		6,799,982		(2,731,126)		4,068,856
Other income						(35,814)
Interest expense, net						1,976,831
Income before income taxes					$	2,127,839
Purchases of machinery and equipment		697,940		38,515		736,455
Depreciation and amortization of property, machinery ‎and equipment		1,456,624		10,662		1,467,286
Amortization of intangible assets		84,628		150,514		235,142
Identifiable assets	$	281,517,954	$	23,685,666	$	305,203,620

(1)The EMS segment manufactures products sold to the Pet Tech segment. Related intersegment sales of $644,097 have been eliminated.

		Three Months Ended October 31, 2021
		EMS		Pet Tech
		Segment		Segment		Consolidated
Net sales	$	100,216,614	$	-	$	100,216,614
Operating income		4,971,830		-		4,971,830
Other income						(36,562)
Interest expense, net						344,675
Income before income taxes					$	4,663,717
Purchases of machinery and equipment		1,054,729		-		1,054,729
Depreciation and amortization of property, machinery ‎and equipment		1,417,645		-		1,417,645
Amortization of intangible assets		86,488		-		86,488
Identifiable assets	$	250,203,733	$	-	$	250,203,733

Note L – Segment and Geographic Area Information – Continued

The tables below present information about the Company’s reportable segments for the six month periods ended October 31, 2022 and October 31, 2021.

		Six Months Ended October 31, 2022
		EMS		Pet Tech
		Segment		Segment		Consolidated
Net sales (2)	$	213,411,047	$	838,552	$	214,249,599
Operating income (loss)		11,847,360		(4,954,687)		6,892,673
Other income						(71,630)
Interest expense, net						2,930,389
Income before income taxes					$	4,033,914
Purchases of machinery and equipment		1,772,695		98,758		1,871,453
Depreciation and amortization of property, machinery ‎and equipment		2,889,751		29,315		2,919,066
Amortization of intangible assets		169,876		301,028		470,904
Identifiable assets	$	281,517,954	$	23,685,666	$	305,203,620

(2)The EMS segment manufactures products sold to the Pet Tech segment. Related intersegment sales of $727,613 have been eliminated.

		Six Months Ended October 31, 2021
		EMS		Pet Tech
		Segment		Segment		Consolidated
Net sales	$	185,956,048	$	-	$	185,956,048
Operating income		8,443,293		-		8,443,293
Gain on extinguishment of long-term debt						(6,282,973)
Other income						(73,703)
Interest expense, net						582,591
Income before income taxes					$	14,217,378
Purchases of machinery and equipment		4,666,433		-		4,666,433
Depreciation and amortization of property, machinery ‎and equipment		2,773,922		-		2,773,922
Amortization of intangible assets		173,610		-		173,610
Identifiable assets	$	250,203,733	$	-	$	250,203,733

Schedule of Net Sales and Tangible Long-lived Assets by Geographical Areas

	Three Months Ended				Six Months Ended
		October 31,		October 31,		October 31,		October 31,
		2022		2021		2022		2021
Net sales:
U.S.	$	29,236,679	$	23,198,568	$	55,127,307	$	42,182,937
China		13,380,106		10,166,868		26,972,492		22,197,547
Vietnam		2,762,806		3,476,162		6,355,450		7,451,093
Mexico		63,297,152		63,375,016		125,794,350		114,124,471
Total net sales	$	108,676,743	$	100,216,614	$	214,249,599	$	185,956,048

Tangible long-lived assets include property, plant and equipment and operating lease assets consisted of the following at October 31, 2022 and April 30, 2022:

		October 31,		April 30,
		2022		2022
Tangible long-lived assets, net:
U.S.	$	20,984,270	$	21,968,745
China		4,615,270		4,778,610
Mexico		17,588,951		19,606,131
Other		1,055,221		566,493
Total tangible long-lived assets, net	$	44,243,712	$	46,919,979