EARNINGS PER SHARE (Tables)

9 Months Ended

Jan. 31, 2016

EARNINGS PER SHARE

Computation of earnings per common share

	Three Months Ended				Nine Months Ended
	January 31, 2016		January 31, 2015		January 31, 2016		January 31, 2015
Net earnings (loss)	$	101,000	$	28,000	$	396,000	$	(8,000)
Amounts allocated to participating securities (nonvested restricted shares)		(6,000)		(2,000)		(25,000)		—
Net income attributable to common shareholders	$	95,000	$	26,000	$	371,000	$	(8,000)
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	$	0.02	$	0.00	$	0.07	$	0.00