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STOCKHOLDERS' EQUITY
 3 Months Ended
Jul. 31, 2017
STOCKHOLDERS' EQUITY  
STOCKHOLDERS' EQUITY

NOTE 7—STOCKHOLDERS' EQUITY

 

The shares of common stock outstanding as of July 31 of each year are summarized as follows:

 

 

 

 

 

 

 

 

 

    

2017

 

2016

 

Balance, May 1

 

5,995,750

 

5,615,750

 

Shares released from treasury for restricted stock grants

 

 —

 

 —

 

Newly issued shares for restricted stock grants

 

 —

 

 —

 

Shares reverted to treasury for restricted stock forfeitures

 

 —

 

 —

 

Balance, July 31

 

5,995,750

 

5,615,750