STOCKHOLDERS' EQUITY

12 Months Ended

Apr. 30, 2018

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 8—STOCKHOLDERS' EQUITY

The changes in shares of common stock outstanding as of April 30 of each year are summarized as follows:

	2018	2017
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, April 30	5,995,750	5,995,750