EARNINGS PER SHARE (Tables)

9 Months Ended

Jan. 31, 2017

EARNINGS PER SHARE

Computation of earnings per common share

	Three Months Ended				Nine Months Ended
	January 31, 2017		January 31, 2016		January 31, 2017		January 31, 2016
Net earnings (loss)	$	(191,000)	$	101,000	$	(176,000)	$	396,000
Amounts allocated to participating securities (nonvested restricted shares)		—		(6,000)		—		(25,000)
Net income attributable to common shareholders	$	(191,000)	$	95,000	$	(176,000)	$	371,000
Basic weighted average common shares		4,915,750		5,265,750		5,077,171		5,265,750
Earnings per share attributable to common shareholders:
Basic earnings per share	$	(0.04)	$	0.02	$	(0.03)	$	0.07