EARNINGS PER SHARE (Tables)

12 Months Ended

Apr. 30, 2019

EARNINGS PER SHARE

Schedule of basic earnings per common share

	Year Ended
	2019		2018
Net income (loss)	$	642,000	$	(2,015,000)
Amounts allocated to participating securities (nonvested restricted shares)		(78,000)		—
Net income (loss) attributable to common shareholders	$	564,000	$	(2,015,000)
Basic weighted average common shares		5,265,750		5,265,750
Earnings (loss) per share attributable to common shareholders:
Basic earnings (loss) per share	$	0.11	$	(0.38)