Stockholders' Equity

3 Months Ended

Jul. 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:

	July 31, 2011			April 30, 2011
Common stock, at par value	$	60,000		$	60,000
Capital in excess of par value	12,709,000			12,623,000
Accumulated deficit	(9,708,000		)	(9,366,000		)
	3,061,000			3,317,000
Less treasury stock, at cost	19,000			19,000
	$	3,042,000		$	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 July 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, July 31	5,828,650	5,873,100