STOCKHOLDERS' EQUITY

6 Months Ended

Oct. 31, 2017

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 7—STOCKHOLDERS' EQUITY

The shares of common stock outstanding as of October 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	—	717,795
Newly issued shares for restricted stock grants	—	12,205
Shares reverted to treasury for restricted stock forfeitures	—	(350,000)
Balance, October 31	5,995,750	5,995,750