BASIS OF PRESENTATION (Tables)

3 Months Ended

Jul. 31, 2018

BASIS OF PRESENTATION

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

			Adjustments due to
	April 30, 2018		ASC 606		May 1, 2018
Assets
Contract assets	$	—	$	102,000	$	102,000
Equity
Accumulated deficit	$	(8,743,000)	$	102,000	$	(8,641,000)

			Balances Without Adoption
			of ASC 606		Effect of Change
	As Reported		as of July 31, 2018		Higher/(Lower)
Balance Sheet
Assets
Contract assets	$	233,000	$	—	$	233,000
Statement of Operations
Net sales		4,473,000		4,232,000		241,000
Cost of goods sold		2,994,000		2,884,000		110,000
Gross profit		1,479,000		1,348,000		131,000
Loss from operations		(34,000)		(165,000)		131,000
Loss before benefit for income taxes		(58,000)		(189,000)		131,000
Benefit for income taxes		(15,000)		(49,000)		34,000
Net loss		(43,000)		(140,000)		97,000
Statement of Cash Flows
Net cash provided (used) in operating activities		(258,000)		(258,000)		—