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EARNINGS PER SHARE (Tables)
 12 Months Ended
Apr. 30, 2016
EARNINGS PER SHARE  
Computation of earnings per common share

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

    

2016

    

2015

 

Net earnings

 

$
504,000

 

$
120,000

 

Amounts allocated to participating securities (nonvested restricted shares)

 

 

 —

 

 
(4,000)

 

Net income attributable to common shareholders

 

$
504,000

 

$
116,000

 

Basic weighted average common shares

 

 
5,265,750

 

 
5,265,750

 

Earnings per share attributable to common shareholders:

 

 

 

 

 

 

 

Basic earnings per share

 

$
0.10

 

$
0.02