EARNINGS PER SHARE (Tables)

6 Months Ended

Oct. 31, 2015

EARNINGS PER SHARE

Computation of earnings per common share

	Three Months Ended				Six Months Ended
	October 31, 2015		October 31, 2014		October 31, 2015		October 31, 2014
Net earnings	$	234,000	$	79,000	$	295,000	$	(36,000)
Amounts allocated to participating securities (nonvested restricted shares)		(14,000)		(5,000)		(18,000)		—
Net income attributable to common shareholders	$	220,000	$	74,000	$	277,000	$	(36,000)
Basic weighted average common shares		5,265,750		5,265,750		5,265,750		5,265,750
Earnings per share attributable to common shareholders:
Basic earnings per share	$	0.04	$	0.01	$	0.05	$	(0.01)