Subsequent Event

12 Months Ended

Apr. 30, 2012

Subsequent Event [Abstract]

Subsequent Events [Text Block]

SUBSEQUENT EVENT

In our Form 10-Q for the quarter ended January 31, 2012, we disclosed that an evaluation of the injection molded products was being undertaken to determine if re-designing the products would enable us improve our position in this market.  Based on this review and subsequent to April 30, 2012, we have decided not to move forward with a re-design and will discontinue production of the injection molded business effective with the conclusion of the existing orders in July 2012.

In conjunction with this decision, we have completed an impairment analysis of the long-term assets associated with the injection molded products.  Based upon this analysis, we have concluded that no impairment adjustment is necessary as of April 30, 2012, or as of the date of this report.  We anticipate that the process of selling the equipment associated with the injection molding business will commence subsequent to the date of this report and prior to the end of the first quarter of fiscal year 2013.