STOCKHOLDERS' EQUITY

3 Months Ended

Jul. 31, 2020

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 9—STOCKHOLDERS' EQUITY

The shares of common stock outstanding as of each three month period ended as of July 31 are summarized as follows:

	2020	2019
Balance, May 1	5,995,750	5,995,750
Shares released from treasury for restricted stock grants	—	—
Newly issued shares for restricted stock grants	—	—
Shares reverted to treasury for restricted stock forfeitures	—	—
Balance, July 31	5,995,750	5,995,750