Stockholders' Equity

9 Months Ended

Jan. 31, 2012

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

The components of stockholders’ equity are summarized as follows:

	January 31, 2012			April 30, 2011
Common stock, at par value	$	60,000		$	60,000
Capital in excess of par value	12,316,000			12,425,000
Accumulated deficit	(9,269,000		)	(9,168,000		)
	3,107,000			3,317,000
Less treasury stock, at cost	19,000			19,000
	$	3,088,000		$	3,298,000

Torotel has 6,000,000 shares of common stock, $.01 par value, authorized and 5,515,750 shares issued and outstanding.  The changes in shares of common stock outstanding as of January 31 of each period are summarized as follows:

	2012		2011
Balance, May 1	5,828,650		5,873,100
Restricted stock activity	(312,900	)	—
Treasury stock activity	—		(44,450	)
Balance, January 31	5,515,750		5,828,650