EARNINGS PER SHARE (Tables)

12 Months Ended

Apr. 30, 2020

EARNINGS PER SHARE

Schedule of basic earnings per common share

	2020		2019
Net income	$	714,000	$	642,000
Amounts allocated to participating securities (nonvested restricted shares)		(87,000)		(78,000)
Net income attributable to common shareholders	$	627,000	$	564,000
Basic weighted average common shares		5,265,750		5,265,750
Earnings per share attributable to common shareholders:
Basic earnings per share	$	0.12	$	0.11