v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Cash flows from operating activities:    
Net income $ 4,655,000 $ 6,460,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 321,000 331,000
Investment (gains) (666,000) (1,344,000)
Non-voting revenues interest from EAM Trust (3,357,000) (4,488,000)
Non-voting profits interest from EAM Trust (522,000) (633,000)
Distributions received from EAM Trust 4,117,000 4,708,000
Deferred income taxes 284,000 395,000
Deferred rent (341,000) (316,000)
Changes in operating assets and liabilities:    
Unearned revenue (128,000) (734,000)
Accounts payable & accrued expenses (655,000) (537,000)
Accrued salaries (218,000) (152,000)
Accrued taxes on income 970,000 1,653,000
Prepaid expenses and other current assets 302,000 179,000
Accounts receivable (57,000) 38,000
Total adjustments 50,000 (900,000)
Net cash provided by operating activities 4,705,000 5,560,000
Cash flows from investing activities:    
Purchases of equity securities (9,340,000) (118,000)
Purchases of fixed income securities classified as available-for-sale 5,336,000 5,055,000
Proceeds from sales of equity securities 45,000 215,000
Proceeds from sales of fixed income securities classified as available-for-sale 5,147,000 2,147,000
Net cash used in investing activities (9,484,000) (2,811,000)
Cash flows from financing activities:    
Purchase of treasury stock at cost (100,000) (59,000)
Dividends paid (3,285,000) (3,059,000)
Net cash used in financing activities (3,385,000) (3,118,000)
Net change in cash and cash equivalents (8,164,000) (369,000)
Cash, cash equivalents and restricted cash at beginning of period 24,485,000 34,382,000
Cash, cash equivalents and restricted cash at end of period $ 16,321,000 $ 34,013,000