v3.26.1
Condensed Balance Sheets - USD ($)
Jan. 31, 2026
Apr. 30, 2025
Current Assets:    
Cash and cash equivalents $ 4,463,000 $ 6,471,000
Investments and securities 41,324,000 35,736,000
Accounts receivable:    
Trade, net of allowance for credit losses of $29,699 and $12,414 4,900,000 4,693,000
Other 50,000 59,000
Income tax overpayment 576,000
Federal solar tax credit receivable 2,300,000 2,154,000
Inventories, net 11,597,000 10,740,000
Prepaid expenses 340,000 514,000
Total Current Assets 65,550,000 60,367,000
Property and Equipment, net, at cost 1,978,000 2,031,000
Other Assets    
Investment in Limited Land Partnership, at cost 25,000
Projects in process 10,000 10,000
Other 1,000
Total Other Assets 11,000 35,000
Intangible Assets, net 816,000 907,000
TOTAL ASSETS 68,355,000 63,340,000
Current Liabilities    
Accounts payable, trade 304,000 301,000
Dividends payable 3,726,000 3,302,000
Deferred income 28,000 17,000
Accrued expenses 487,000 523,000
Income tax payable 25,000
Total Current Liabilities 4,545,000 4,168,000
Long-Term Liabilities    
Deferred income taxes 3,140,000 2,310,000
Total Long-Term Liabilities 3,140,000 2,310,000
Total Liabilities 7,685,000 6,478,000
Commitments and Contingencies
Stockholders’ Equity    
Convertible preferred stock, 1,000,000 shares authorized, Series 1—noncumulative, $20 stated value, 25,000 shares authorized, 4,239 issued and outstanding 102,000 102,000
Common stock, Class A, $.10 par value, 10,000,000 shares authorized, 8,502,881 shares issued and outstanding 850,000 850,000
Additional paid-in capital 1,931,000 1,931,000
Accumulated other comprehensive income 63,000 (77,000)
Retained earnings 62,796,000 59,072,000
Less: treasury stock, 3,613,827 and 3,610,451 shares, at cost (5,072,000) (5,016,000)
Total Stockholders’ Equity 60,670,000 56,862,000
TOTAL LIABILITES AND STOCKHOLDERS’ EQUITY $ 68,355,000 $ 63,340,000