EARNINGS PER SHARE (Tables)

6 Months Ended

Oct. 31, 2019

EARNINGS PER SHARE

Schedule of basic earnings per common share

	Three Months Ended				Six Months Ended
	October 31, 2019		October 31, 2018		October 31, 2019		October 31, 2018
Net income (loss)	$	306,000	$	32,000	$	750,000	$	(11,000)
Amounts allocated to participating securities (nonvested restricted shares)		(37,000)		(2,000)		(91,000)		—
Net income (loss) attributable to common shareholders	$	269,000	$	30,000	$	659,000	$	(11,000)
Basic weighted average common shares		5,265,750		5,265,750		5,265,750		5,265,750
Earnings (loss) per share attributable to common shareholders:
Basic earnings (loss) per share	$	0.05	$	0.01	$	0.13	$	(0.00)