CUSTOMER DEPOSITS

12 Months Ended

Apr. 30, 2016

CUSTOMER DEPOSITS

CUSTOMER DEPOSITS

NOTE 12—CUSTOMER DEPOSITS

For certain customers, we collect payment at the time the order is placed.  These deposits are classified as a liability and will be recognized as revenue at the time of shipment in accordance with our revenue recognition policy.  As of April 30, 2016 we had approximately $29,000 in customer deposits related to this arrangement.