EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2016

EARNINGS PER SHARE

Computation of earnings per common share

	Three Months Ended
	July 31, 2016		July 31, 2015
Net earnings	$	125,000	$	61,000
Amounts allocated to participating securities (nonvested restricted shares)		(8,000)		(4,000)
Net income attributable to common shareholders	$	117,000	$	57,000
Basic weighted average common shares		5,265,750		5,265,750
Earnings per share attributable to common shareholders:
Basic earnings per share	$	0.02	$	0.01