Stockholders' Equity

6 Months Ended

Oct. 31, 2011

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

The components of stockholders’ equity are summarized as follows:

	October 31, 2011			April 30, 2011
Common stock, at par value	$	60,000		$	60,000
Capital in excess of par value	12,314,000			12,425,000
Accumulated deficit	(9,299,000		)	(9,168,000		)
	3,075,000			3,317,000
Less treasury stock, at cost	19,000			19,000
	$	3,056,000		$	3,298,000

Torotel has 6,000,000 shares of common stock, $.01 par value, authorized and 5,828,650 shares issued and outstanding.  The changes in shares of common stock outstanding as of October 31 of each period are summarized as follows:

	2011	2010
Balance, May 1	5,828,650	5,873,100
Restricted stock activity	—	—
Treasury stock activity	—	—
Balance, October 31	5,828,650	5,873,100