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Financing Agreements
6 Months Ended
Oct. 31, 2011
Financing Agreements [Abstract]  
Debt Disclosure [Text Block]
Financing Agreements
 
The revolving line of credit, with Commerce Bank, N.A. was renewed on September 27, 2011. The line of credit, which is available for working capital purposes, has a capacity of $500,000 with a 12-month term that is renewable annually.  The borrowing base of this facility is limited to 75% of eligible receivables.  The associated interest rate is equal to the greater of the floating Commerce Bank Prime Rate (currently 3.25%) or a floor of 4%.  Monthly repayments of interest only are required with the principal due at maturity.  This facility is cross collateralized and cross defaulted with all other facilities and is secured by a first lien on all business assets of Torotel Products.  As of October 31, 2011, the entire credit line was available