EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2020

EARNINGS PER SHARE

Schedule of basic earnings per common share

	Three Months Ended
	July 31, 2020		July 31, 2019
Net income	$	730,000	$	444,000
Amounts allocated to participating securities (nonvested restricted shares)		(89,000)		(54,000)
Net income attributable to common shareholders	$	641,000	$	390,000
Basic weighted average common shares		5,265,750		5,265,750
Earnings per share attributable to common shareholders:
Basic earnings per share	$	0.12	$	0.07