EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2019

EARNINGS PER SHARE

Schedule of basic earnings per common share

	Three Months Ended
	July 31, 2019		July 31, 2018
Net income (loss)	$	444,000	$	(43,000)
Amounts allocated to participating securities (nonvested restricted shares)		(54,000)		—
Net income (loss) attributable to common shareholders	$	390,000	$	(43,000)
Basic weighted average common shares		5,265,750		5,265,750
Earnings (loss) per share attributable to common shareholders:
Basic earnings (loss) per share	$	0.07	$	(0.01)